My guest for Ep152 of The Startup Playbook Podcast was the Co-founder & Managing Partner at Folklore Ventures, Alister Coleman.
Alister started his career in portfolio management and banking for family offices before going on to become the Co-founder of ShippingEasy in 2011. 5 years later, ShippingEasy was acquired by stamps.com for $80M.
He is now the Co-founder & Managing Partner of Folklore Ventures, which is a $55M pre-seed and seed stage VC fund.
In this interview we discussed:
Lessons from Al’s journey with ShippingEasy including why selling too early is not a great outcome for founders & investors
Folklore’s unique investment approach which has led to a portfolio with next to no overlap with other VC funds in Australia
A look into Folklore’s thorough due diligence process
Alister and Folklore’s vision and approach in building a multi generation fund
& much more
1.59 – Alisters’ background and startup experience
2.59 – Lessons learned from working with Shipping Easy
5.27 – The significance of Shipping Easy in the early days of ecommerce
8.59 – Balancing the investor and founder visions
11.26 – Hiring the best team to work with you
13.58 – Acquisition and knowing when it’s the right time to sell
20.55 – Managing stressful times and getting support from your team
23.55 – Hiring for intellect and skills that can’t be taught
28.04 – The importance of investing in companies that have a positive impact on the world
34.04 – Folklores’ approach to investment and why the safe option isn’t always actually safe
38.37 – Supporting startups who are doing the ‘impossible’
41.40 – Innovation in the drone industry and how it can be used for the distribution of vaccinations
43.42 – Building a mentor-mentee relationship with founders and why that support is so valuable
48.08 – The future of the Australian startup and investment ecosystem
51.57 – How to get in contact with Allister and Folklore