The Art of Accel-ing - [Joys of Compounding, EP.22]

Joys of Compounding

Today's teacher is Rich Wong, general partner at renowned venture firm Accel. Rich is a very special investor and leader, and he spent many years as an operator prior to his time in VC. What was going to be a short stint as a venture operating partner nearly 20 years ago turned into a defining pivot for Rich.

He not only quickly reached the top of the venture profession but also became the go-to investor for many luminary companies, such as Atlassian, UiPath, AdMob, Checkr, Rovio, Service Channel, and many many more.

His range of interests spans beyond venture, and he's very involved in many of the leading university-based poverty alleviation labs. It's always a treasure for us to find someone who integrates so many facets of life in service of others. Please enjoy our class with Rich Wong.

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes.

Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus

Show Notes

(00:00:00) Welcome to the Joys of Compounding

(00:04:41) The Atlassian Chase Story

(00:07:41) Bootstrapping and Venture Capital

(00:18:10) Excel's Founding and Evolution

(00:22:14) Rich Wong's Early Influences

(00:24:42) Becoming an Accidental Venture Capitalist

(00:31:39) Excel's Team Dynamics and Investment Strategies

(00:38:28) The Evolution of Mobility and AI

(00:39:58) Bottom-Up Innovation and Defense Technology

(00:41:25) AI's Role in Incumbents vs. Startups

(00:44:53) Service Channel Case Study

(00:47:58) Capital Efficiency and Indigestion

(00:51:04) The Role of Grit and Overfunding

(00:55:29) Venture Capital Ecosystem and Returns

(01:04:03) Public Policy and Poverty Solutions

(01:11:43) Balancing Career and Personal Life

(01:15:37) How Rich Wants His Life To Be Measured