Bobby Goodlatte has only been an investor for about a decade, but he appears to have already made tens of millions of dollars, contrary to the expectations of some traditional VCs who have privately, and publicly, griped that too many novice investors have flooded into the industry. “I remember a very prominent investor saying at the time, ‘All these new angel investors, they’re all going to lose all their money; they’re fools for doing this’,” recalls Goodlatte, who was recruited out of college to become a product designer at Facebook and left four years later, when the company went public. “I’m glad that I didn’t get shaken off of it.” As it happens, Goodlatte’s second check went to Coinbase. It was an auspicious start for Goodlatte, who more recently formed his first institutional fund, Form Capital, with entrepreneur Josh Williams, an outfit that offers up to 40 hours of design help with logos or packaging or whatever else a team might need, with each check that it writes. We talked with Goodlatte this week about the venture firm and its $12 million debut fund, which is largely funded by Goodlatte (it also counts the fund of funds Cendana Capital as a limited partner). He shared why he thinks the biggest returns in the coming years will flow to very small funds that feature a big financial commitment from the general partners. He talked about investing in other small funds to ensure strong deal flow. He also shared why t… Click below to read the full story from TechCrunch
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Bobby Goodlatte has designs on how to succeed in venture (and so far, so good)
