Venture capital 101: from start-up to IPO

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Australian Finance Podcast 1h 0m 3 speakers 3 chapters transcribed 3 months ago
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What is venture capital and how does it fit into the investment ecosystem?

Kate 0:00
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Kate 0:45
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Kate 1:26
This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes.
Unknown 1:43
Jessie, welcome onto the Australian Finance Podcast today. Thanks, Kate. Fantastic to be here with you. Now, you're a pretty special individual because you're working in venture capital, which you'll explain a little bit for our listeners in a moment. But we've never had someone from this industry on the podcast before. So I am very excited to chat to you today.
Jessie 2:03
Well, very humbled to be your first venture capital guest and definitely a really exciting space. So hopefully the first of many guests you have on this show about this topic.
Unknown 2:13
Amazing. And are you able to give our listeners a quick introduction to you and the interesting company you work for, After Work Ventures?
Jessie 2:21
Absolutely, would love to. So I am a principal and also head of community at After Work Ventures, which is a community-powered venture capital fund that invests in early stage, high growth technology companies. And we'll dive a lot more into that later. Before I was at After Work Ventures, I spent some time at NAB Ventures, which is the venture capital arm of the National Australia Bank, the largest business bank in Australia. And in that role, I spent time making strategic investments for the bank. So investments in technology companies where there was also a partnership opportunity with the National Australia Bank available on the table so that the bank could not only partner to accelerate the growth
Jessie 3:08
of these companies, but really align their incentives by having skin in the game in the growth of some of these companies. Before that, I spent some time in strategy consulting, but actually started out my career as a philosophy and English literature student So really have a love of the written word, of whimsical philosophical questions. And I'm really glad that I actually get to incorporate a lot of those foundations into my job now. And I'm sure we'll dive into that later.
Unknown 3:39
Yeah, that's so interesting. So you didn't start originally in finance?
Jessie 3:44
No, I spent my university career thinking about, you know, American literature and poetry and thinking about questions of social justice and things like the way that language shapes thought. And I think actually having a foundation in the liberal arts and in asking open-ended abstract questions and learning how to think well and reason in a structured way and communicate really clearly in a manner that moves people, I think is actually more relevant to my job as an early stage investor

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