Jerry Neumann on Technological Revolutions, Picking Winners, and VC Returns

Jerry Neumann (@ganeumann), founder of Neu Venture Capital, joins Erik on this episode.They discuss:- Carlota Perez’s work and the implications for investors and founders, including what would change if VCs took her ideas seriously.- What people misunderstand the most about moats.- Why he wants to invest in situations where there is uncertainty, and what the right kind of uncertainty is.- Whether you can predict what the next technological revolution will be, and why the predictions themselves end up shaping the future.- Why he says that the power law distribution in venture is a result of the picking process.- How he thinks about follow-on investments.- Venture capital and poker.- The reasons that the structure of venture funds hasn’t changed.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.