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 largest property technology or "proptech" venture firm Fifth Wall is joining the SPAC boom.

In a filing with the Securities and Exchange Comission this week, the firm said its creating a special acquisition company (SPAC) and intends to raise up to $287 million by selling 28.75 million shares at $10 a piece to seek out opportunities in real estate tech.

Read more Show less

Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.

The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.

The deal with the SPAC, Climate Change Crisis Real Impact I Acquisition Corp., values EVgo at $2.6 billion. Shares shot up more than 66% on the news.

Read more Show less

In 2012, Evan Britton founded a website premised upon what the web arguably does best: help people obsess over celebrities.

Britton launched his first site in 1999 as a senior in college and has since made his living monetizing web clicks.

When he created Famous Birthdays as a sort of Wikipedia of celebrities nine years ago, Tiktok wasn't even born and Snap had barely launched. The term "influencers" had yet to seep into the mainstream. But as social media created a new form of celebrity, the site has morphed into a pillar of the teen-centric world of online personalities and creators.

Read more Show less
RELATEDEDITOR'S PICKS

Trending