ILAB 75 – Impact Investing – Running the Vatican’s Accelerator with Steve Forte

ILAB 75: Impact Investing – Running the Vatican’s Accelerator with Steve Forte

“My advice is ‘Don’t jump at the first [accelerator] that you see’.”

 Steve Forte 

Steve Forte is a 5-time entrepreneur who had successful exits in all his businesses. He is the co-founder and managing partner of Fresco Capital, which focuses on seed and early-stage investment to create maximum impact for companies, investors, and partners. Using his experiences in several business ventures, he is heading a new path as a VC.

On this episode, he explains what a VC is and what to expect when pursuing this endeavor. He shares his expertise in pitching a startup business to invest and minimize risk. He also shares how Vatican Accelerator started and how it has been progressing over time. This is an interesting conversation about startup businesses and investments.

Listen to ILAB 75 on iTunes here or subscribe on your favorite podcast app.

ILAB 75 Show Notes


Links:

Fresco.vc

Twitter

 

Where we are:

Johnny – Canary Islands

Sam – Southeast Asia

 

Discussed:

 

Time Stamps:

4:51 – His background

9:51 – What does a VA do?

12:37 – Pitching a startup business to invest

17:38 – Founder’s expectation in terms of compensation

20:29 – Startup failure rate

23:27 – How to setup accelerator

26:24 – Software and social networking

31:09 – Difference between accelerator and incubator

37:11 – Vatican Acceleratorbackstoryy

46:50 – For-profit & mission-driven model

51:14 – Updates on Vatican Accelerator

55:10 – Future plans for the program

 

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