Jake Paul Thinks We'll Live Forever

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TBPN 30 min 4 speakers 8 chapters transcribed 3 months ago
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What is the main topic discussed in this episode?

Jordi Hays 0:00
We got Jake Paul. He's here. Come sit down. Jeff Wu, too. How you doing?
Let's run it.
Jordi Hays 0:04
What's up? What's up?
How are you? Good to see you.

What recent funding has Jake Paul secured for his ventures?

Jordi Hays 0:08
What's up, bro? How are you? Good to meet you. Tell us the news. You raised a bunch of money. Bro, smack that gong. 100 million oversubscribed.
Woo! There we go. You can do it.
Geoffrey Woo 0:21
You can do it. Wow. Come on.
Jordi Hays 0:24
Great to see you. Tell us about the fund. Who do you raise money from? Are you talking to endowments now? Are these your friends? Is it all your money? What's going on there?
Jake Paul 0:34
You're good. Yeah, a lot of our own money. We have a 10%, maybe even more. It's like 10, 12, 13, 14% GP commit. Our lead investor is Aquarian Holdings. Shout out to Rudy and Eric. They've believed in us for a long time. They doubled down into our growth fund and It's been a great relationship with them. And then, yeah, just like other people that we know in our network.
Jordi Hays 1:01
Yeah. Highlights from the fund so far.
Sorry, I was going to say, like, I think going from more of just investing our own money, I think we are going more institutional, right? So Aquarian, they manage 27 billion plus as an insurance holding company. So I think we're just proving our sophistication as fiduciaries, as investors to be like, hey, endowments, institutions, we can compound money faster and better than other VCs can for you.
Geoffrey Woo 1:25
How is the strategy changing with the new fund? Is it changing? Like number of checks, check size, ownership, all that good stuff.
Jake Paul 1:36
Yes, time has gone on. I think the barbell approach for us has been very successful. I think going big with bigger checks into growth stages in companies that we believe in with the best founders. You know, you don't bet against Palmer, Lucky, Elon, Sam, the big names like that. And getting to fast DPI, you know, going into SpaceX and XAI, working with Jared virtual to get into some of those rounds and then, you know, your, your liquid very quickly. And so I think that's very attractive and putting bigger checks into, into companies like that. And then on venture one, um, early stage, you know, and getting in, betting on founders from day one sometimes, and yet taking that more venture approach on that side of things.
Jake Paul 2:27
We've deployed our full venture one. This is our growth one. Going into venture two now, raising for that.

How is AI influencing Jake Paul's investment strategy?

Jake Paul 2:35
And then pretty much fully deployed on growth one. We've been working on it for the past eight months, getting into a lot of these big companies and actually going into growth two already. And so we've just had tons of great access. And I think that's obviously the key. And just we're hustling and in all the right rooms, providing access. marketing support, consultant support on that side of things, which a lot of these companies need. That's what we've realized in every room that we go into, whether it's, I mean, I won't say names, but pretty much everyone needs users. And so you'd be surprised at the level of marketing knowledge that these companies have. It's like, day one, very basic. These are the most technical companies in the world, right?
Jake Paul 3:20
But they're not the best at breaking through to grow their users. And so we've just been able to really help on that side of things. And the most basic 30-minute call about marketing is extremely helpful for these companies.
Jordi Hays 3:35
Yeah, take us through it. What are you actually talking to a tech company that might have their pitch dialed for investors or engineers?
Geoffrey Woo 3:44
Or even customers once they get them on a call.
Jordi Hays 3:45
Customers, but it's just that. whatever story they're telling, it's not resonating with just the normal person.

What unique approach does Jake Paul take in women's boxing?

Jordi Hays 3:52
And I feel like you've gone so big with everything that you've done that you've touched every part of America, the world globally, and you can probably offer more feedback and advice on just like how to tell a story as a company that resonates outside of this tiny little, you know, enclave in San Francisco.
Jake Paul 4:13
Yeah, no, correct. I mean, I went from Vine to then it was YouTube, then Facebook popped off, then Snapchat was the thing. Me and my brother were the first people making Snapchat stories, like a full content.

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