LA Venture Podcast: Scott Stanford on How ACME Capital Evaluates Success

LA Venture Podcast: Scott Stanford on How ACME Capital Evaluates Success

On this week's episode of the LA Venture podcast, hear from Scott Stanford, co-founder of ACME, an early-stage venture capital firm. Scott has been focused on the internet/technology sector for over 25 years as an advisor, operator and investor. Prior to founding ACME in 2018, he was a co-founder of Sherpa Capital. When at Goldman Sachs, he was head of internet investment banking, and was deeply involved in companies such as Facebook, Uber, LinkedIn and Square.

Scott is a proud new member of the L.A. VC community.

Key Takeaways:

  • Disruptive business models and disruptive technology are at the core of Acme's interests.
  • It's a flat culture at Acme, where intellectual debate and disagreement are encouraged.
  • Scott believes Los Angeles has the key ingredients for being the next Silicon Valley, but what worries him is government regulation, the 'vilification of success' and additional taxes.
"By definition, half of our investments are going to fail. If fewer than half fail or fewer than 40% fail, we're not doing our job right because we're not taking enough risk, because the way early-stage venture works is you have one or two successes in the portfolio and that makes the success of the fund." — Scott Stanford

Scott Stanford is the founder of ACME.

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

Subscribe to our newsletter to catch every headline.

The Santa Monica-based movie-ticketing service Atom Tickets has pre-sold more tickets for "Godzilla vs. Kong" than any film since the start of lockdown.

Following a disastrous year for the box office, its performance could be a litmus test for Hollywood and the many theaters that teetered on the brink during the pandemic.

Read more Show less
Sam Blake

Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake

Despite — or in many cases because of — the raging pandemic, 2020 was a great year for many tech startups. It turned out to be an ideal time to be in the video game business, developing a streaming ecommerce platform for Gen Z, or helping restaurants with their online ordering.

But which companies in Southern California had the best year? That is highly subjective of course. But in an attempt to highlight who's hot, we asked dozens of the region's top VCs to weigh in.

We wanted to know what companies they wish they would have invested in if they could go back and do it all over again.

Read more Show less
Ben Bergman

Ben Bergman is the newsroom's senior finance reporter. Previously he was a senior business reporter and host at KPCC, a senior producer at Gimlet Media, a producer at NPR's Morning Edition, and produced two investigative documentaries for KCET. He has been a frequent on-air contributor to business coverage on NPR and Marketplace and has written for The New York Times and Columbia Journalism Review. Ben was a 2017-2018 Knight-Bagehot Fellow in Economic and Business Journalism at Columbia Business School. In his free time, he enjoys skiing, playing poker, and cheering on The Seattle Seahawks.