58K views · Jul 8, 2011 · 55:18 · 1 HN recommender · 3 mentions · discussed 2012–2013
Kevin Rose interviews Chris Sacca, founder of Lowercase Capital, for his Foundation series. The conversation covers Sacca's path in venture capital and angel investing, including his early financial ups and downs.
Why Hacker News points people here: HN recommends it for Sacca's candid account of going deep into debt and recovering, in threads about failure and financial risk.
“This is an amazing interview with Chris Sacca and Kevin Rose”HN comment, 2012
“This is an amazing interview with Chris Sacca and Kevin Rose”
Interview where Sacca discusses being over $1 million in debt.
This is an amazing interview with Chris Sacca and Kevin Rose: this video Chris talks about being $1 million+ in debt at one point. Keep going!
I wouldn't necessarily consider you 'real dreams' out of reach. I mean they may be more difficult now, but not impossible. Clayton Christensen, who is a world renowned professor at Harvard, says 'I had been out of college and in the working world for years before I figured out that I could make it back to school to teach and develop a generation of wonderful young people'[1]. Now, most of us aren't Clayton Christensen level of awesome, but I think the general point stands. You CAN make drastic changes in your life, even if you have gone off 'into the weeds'. As for CV fears, in my experience, in the tech industry (assuming this is the target industry, I don't know much about others), your CV/pedigree is less important compared to what you know / can do. Demonstrating the latter can be harder without having the former as leverage to 'get your foot in the door', but having public depots of things you have worked on (ala GitHub), helping out on OSS projects, networking with people in the area via meetups/tech talks/etc... are all good ways to 'get your name out' so you can rely less on credentials to get opportunity. I can definitely relate to the being a loner thing, I am myself. I have had a number of friends/family pass away and it has made me very hesitant to make close friends because losing people that are close to you sucks. Participating in online forums/mailing lists in order to learn and help others can be a good way to get some 'socializing' without having to actually
“his wealth decreased from 12 million to -2.8 million.”
Sacca's story of day-trading wealth lost in the bubble.
Here's one from an interview with Chris Sacca ( this video ): In the late 1990s, Chris Sacca used his student loan to start a company within the lawsuit industry - not to pay tuition. But he realized the idea was bad, he didn't have the skills needed, and he didn't have any investors. So before he ran out of money, he began day-trading stocks with the remaining money. This was during the buildup of the tech bubble so he made a huge profit from the trading. When the bubble exploded, his wealth decreased from 12 million to -2.8 million. His surroundings had convinced him that he was a stock market genius - so he thought he knew something. When the stock market crashed, he thought he was just unlucky. He was now 25 years old, no network, and had to find a way to make 2.8 million.
