Foundation 07 // Chris Sacca

Kevin Rose · 57K views · 2011 · 55:18

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Why Hacker News recommends it

HN recommends it for Sacca's candid account of going deep into debt and recovering, in threads about failure and financial risk.

What it is

Kevin Rose interviews Chris Sacca, founder of Lowercase Capital, for his Foundation series. The conversation covers Sacca's path in venture capital and angel investing, including his early financial ups and downs.

Recommended by 1 HN commenters across 1 different months, 2012 to 2013.

What Hacker News said

Strong rec sachitgupta · 2012-07 · on “I ruined my credit. Will VCs count this against me?”

This is an amazing interview with Chris Sacca and Kevin Rose: [this video] Chris talks about being $1 million+ in debt at one point. Keep going!

Cites ryanmolden · 2012-09 · on “Ask HN: Wrong mindset is crippling my life. What to do?”

I wouldn't necessarily consider you 'real dreams' out of reach. I mean they may be more difficult now, but not impossible. Clayton Christensen, who is a world renowned professor at Harvard, says 'I had been out of college and in the working world for years before I figured out that I could make it back to school to teach and develop a generation of wonderful young people'[1]. Now, most of us aren't Clayton Christensen level of awesome, but I think the general point stands. You CAN make drastic changes in your life, even if you have gone off 'into the weeds'. As for CV fears, in my experience, in the tech industry (assuming this is the target industry, I don't know much about others), your CV

Cites SuperChihuahua · 2013-11 · on “Ask HN: Best Dotcom Bubble Stories”

Here's one from an interview with Chris Sacca ( [this video] ): In the late 1990s, Chris Sacca used his student loan to start a company within the lawsuit industry - not to pay tuition. But he realized the idea was bad, he didn't have the skills needed, and he didn't have any investors. So before he ran out of money, he began day-trading stocks with the remaining money. This was during the buildup of the tech bubble so he made a huge profit from the trading. When the bubble exploded, his wealth decreased from 12 million to -2.8 million. His surroundings had convinced him that he was a stock market genius - so he thought he knew something. When the stock market crashed, he thought he was just unlu