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Episode #249: Ben Savage, Clocktower Technology Ventures “Financial Services Has Had A Smaller Share Of Venture Capital Dollars Pointed At It…Since The Inception Of The Venture Capital Industry”

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Episode #249: Ben Savage, Clocktower Technology Ventures “Financial Services Has Had A Smaller Share Of Venture Capital Dollars Pointed At It…Since The Inception Of The Venture Capital Industry”

 

 

 

 

 

Guest: As Partner, Ben Savage manages Clocktower Technology Ventures and is responsible for all of Clocktower Group’s private market activities.

Date Recorded: 9/2/2020

Sponsor: Ikon Pass

 

 

 

 

Run-Time: 1:29:24

To listen to Episode #249 on iTunes, click here

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To stream Episode #249, click here

Comments or suggestions? Email us Feedback@TheMebFaberShow.com or call us to leave a voicemail at 323 834 9159

Interested in sponsoring an episode? Email Justin at jb@cambriainvestments.com

Summary: In episode 249 we welcome our guest, Ben Savage, Partner at Clocktower Technology Ventures. In today’s episode, we’re diving into VC and innovation in the financial services industry.

Ben has had an interesting path, and having spent some time at Bridgewater along the way, we spend a bit of time on high level thoughts about investing, allocation, and risk parity strategies.

We get into the heart of what Clocktower Technology Ventures is all about. We talk about the small allocation of venture capital dollars financial services industry has received relative to tech and life sciences, and get the lowdown on why this pocket of the startup world is so compelling. We even get the rundown on a couple of portfolio investments, and what makes them so exciting.

All this and more in episode 249 with Clocktower Technology Ventures’ Ben Savage.

Links from the Episode:

  • 0:40 – Sponsor: Ikon Pass
  • 1:12 – Intro
  • 2:16 – Welcome to our guest, Ben Savage
  • 3:52 – Ben’s background and migration to the west coast
  • 7:51 – Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets (Drobny)
  • 8:05 – Overview of risk parity investing philosophy
  • 10:45 – Right way and wrong ways to invest
  • 15:15 – Investing in bonds
  • 20:38 – Clocktower
  • 23:51 – Macro focus of Clocktower
  • 26:20 – How Clocktower sources funds
  • 27:31 – Mood of the macro community today
  • 30:45 – Overview of Clocktower Technology Ventures fintech investments
  • 36:20 – Why there is room for investment and innovation in fintech
  • 44:30 – Why certain companies/industry don’t need to focus on a shiny new app
  • 49:01 – Themes in financial services Clocktower finds interesting
  • 54:32 – Landed
  • 1:03:17 – Traditional lenders competing with Landed
  • 1:07:21 – Another investment they are excited about – M1
  • 1:12:28 – Best idea right now
  • 1:23:53 – Most memorable investment
  • 1:28:22 – Best way to connect: Clocktower Ventures; LinkedIn

 

Transcript of Episode 249:

Coming soon.

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