Outlander VC’s Paige Craig on Investing Early and Identifying Intelligent Leaders

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+ Shift.com, 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.
Outlander VC’s Paige Craig on Investing Early and Identifying Intelligent Leaders

On this episode of the LA Venture Podcast, Outlander VC founder and Managing Partner Paige Craig discusses how he pivoted from working in the defense industry to investing early in major companies like Wish, Scale and Gusto.

Craig’s entrepreneurial journey is unique, to say the least.

Following his time in the Marine Corps and in national security, Craig said he saw an opportunity building capabilities for the U.S. following its 2003 invasion of Iraq. But with little fundraising success, he had to find his own way into the industry and his own competitive advantage. He traveled to the Middle East, posed as a CNN reporter and found his way into Baghdad.

“I can’t even tell you the shit we went through,” he said. During his time in Iraq, Craig said his Lincoln Group closed deals in the Middle East focused on gathering special intelligence, running unconventional operations aided by technology and creating other military capabilities.

“I endorsed every mission we took,” he said, “ and I can stand behind all of them if they ever get released and declassified someday.”

Craig eventually sold the company to multibillion-dollar defense contractor Constellis.

“I took my money, but more importantly, my lessons learned about how to create something from nothing and I started angel investing back in 2009,” Craig said.

His unique business background informs his approach to investing. Understanding company founders as people—particularly through his method of observing human characteristics linked to vision, intelligence, character and execution—helps investors understand their businesses.

“Everything comes down to identifying very unique people—the outlanders,” he said. “We are looking for extremely unique people who are highly inclined to build fast growing, highly scalable tech companies, when most of the world around them is saying, ‘fuck you’.”

Many investors mistakenly think they know how to run the companies they help fund, Craig said. But by identifying founders with both emotional and intellectual intelligence early on, he said he focuses instead on fostering leadership skills and developing the next generation of talent.

“These people reminded me of me several years back, where they're under-resourced [and] no one believes in them,” he said. “They're taking on huge missions that mean everything to them, and I just saw all these psychological parallels to what I went through. And I was like, ‘Look, I can't tell you how to develop a server farm, but what I can tell you how to do is how to lead people.’”

dot.LA Editorial Intern Kristin Snyder contributed to this post.

Click the link above to hear the full episode, and subscribe to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

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Here's How to Avoid Common Tech Scams on Black Friday and Cyber Monday

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

person holding a phone on Black Friday
Photo by CardMapr.nl on Unsplash

Black Friday and Cyber Monday are approaching again, and as always this holiday season is a scammer’s favorite time of year.

Spending on Black Friday was up nearly 30% in 2021 from the prior year, both in-store and online (though e-commerce saw a smaller jump, up about 11%), according to ABC News. And although this past year has been marked by rising costs of nearly everything from food to fuel, shoppers surveyed by PwC indicated they plan to spend about the same amount as last year, with Millennials leading the charge.

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'Creators Should Be The Ones That Own Their Community": How Fanhouse Is Helping Influencers

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Fanhouse girl
Andria Moore/Fanhouse

Last week after the mass exodus of Twitter employees, content creator Rosie Nguyen shared a link to her Instagram account. She wasn’t alone. In the hysteria that followed Elon Musk’s ultimatum to commit to a new “hardcore” Twitter or leave the company with severance pay, manycreators did the same.

But Nguyen had another link to share as well: her Fanhouse account. The subscription platform is a way for creators to offer their fans content in exchange for a monthly fee.

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Wheels Pulls Out of Culver City and West Hollywood

Maylin Tu
Maylin Tu is a freelance writer who lives in L.A. She writes about scooters, bikes and micro-mobility. Find her hovering by the cheese at your next local tech mixer.
escooters in LA
Photo by Dogora Sun/ Shutterstock

Last month, Helbiz announced that it had officially acquired Wheels, the West Hollywood-based startup founded by Joshua and Jonathan Viner, co-founders of Wag. But in Los Angeles, there were already signs that things were in flux.

In early August, Culver City announced that Wheels would no longer be operating within its boundaries. Then in September, Wheels also ceased operations in West Hollywood, pending adoption of sidewalk detection technology.

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