Impulsum Ventures’ Ed Wilson on Skateboarding, Failure and Building a Startup

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Impulsum Ventures co-founder Ed Wilson
Image courtesy of Impulsum Ventures

On this episode of the LA Venture podcast, Impulsum Ventures co-founder Ed Wilson talks about building the firm, supporting founders and the industries that Impulsum is funding.

Impulsum Ventures invests through its fund, which cuts checks of around $500K and focuses on health care, financial technology, and consumer. Impulsum also has a separate 30-person development studio staffed by engineers, designers, developers and product specialists called Impulsum Studios. Wilson said that the studio team often helps fill in the gaps for the companies in which he’s invested.

“When we focus on investing in a company, there is no obligation [...] that they need to use the studio in any way. It is just there to support them,” said Wilson.

Wilson credits his background in skateboarding with helping teach him the value of failure and testing what’s possible.

In skateboarding, he said, “there's this constant failure that you have until you actually land it and succeed.”

That’s the perspective he tries to bring to young startups in complex environments, where it’s not always clear what’s possible until experiments are conceived of and tried.

When companies come to Impulsum for insights, Wilson said he can pull together the appropriate team from his studio and come up with a suggestion for how they can improve.

But Wilson said they’re not just limited to giving advice.

“If you actually came to us and said, ‘Hey, we want you to build this thing for us.’ We would then say, ‘Okay, treat us like you would any other development studio that you were looking to hire to do that. We're gonna scope this out, we're gonna set a price for it,’” said Wilson.

Wilson said he’s keen to build relationships with the people at the startups Impulsum to whom writes checks.

“I'm a little bit old school in this, but it's on that like a one-to-one, just build relationships with people and really figure out, ‘are there ways that we can be helpful to each other?’,” said Wilson.

Wilson described his relationship with founders much like a friendship, with time constraints and a budget. His talks with them are usually centered around creating something useful together.

“We want people to make mistakes that we haven't made before,” he said.

Even if he doesn’t always agree with the directions his portfolio companies go in, Wilson said he thrives on being a supportive voice and someone who can help young companies and individuals think about their opportunities and problems..

“Something that can feel like it's catastrophic, really isn't that big of a deal,” he added. “And it can even lead to this incredible opportunity. But that only happens if you're able to keep a calm head.”

dot.LA Engagement Fellow Joshua Letona contributed to this post.

Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

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Behind Her Empire: Lisa Sequino on the ‘Light Bulb’ Moment That Launched JLo Beauty

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

Behind Her Empire: Lisa Sequino on the ‘Light Bulb’ Moment That Launched JLo Beauty
Lisa Sequino

On this episode of Behind Her Empire, JLo Beauty Co-founder and CEO Lisa Sequino discusses how she transitioned from her corporate career to a more entrepreneurial path.

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Henrik Fisker Says Tesla Price Cuts Haven’t Fazed Ocean Rollout

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

A Fisker electric vehicle.​
Courtesy of Fisker

Last week in the dot.LA newsletter I wrote about Tesla’s decision to slash prices by as much as 20% on their vehicles and how the decision might impact Southern California’s EV startups. I called the price cuts a “tough pill to swallow” for Fisker in particular since they would make many of Tesla’s price points more competitive with Fisker’s first production model, The Ocean.

The Ocean is currently undergoing homologation, but Henrik Fisker, the company’s CEO, confirmed to dot.LA that the company hopes the process to be completed at the end of February. From there, it could take several weeks to ship the SUVs from Austria to the United States.

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