Tank Talks By Ripple Ventures

Ripple Ventures
Tank Talks By Ripple Ventures

Join your host, Matt Cohen, Founder & Managing Partner at Ripple Ventures for weekly conversations with leaders in the startup ecosystem discussing the truth about investing, building and running startups. tanktalks.substack.com

  1. -6 J

    Transforming Healthcare Through Venture Capital: GLP-1 Drugs, AI, and the state of the CVCA with Peter van der Velden of Lumira Ventures

    Peter van der Velden joins Matt Cohen to discuss the dynamic changes within the life sciences sector and venture capital at large. He highlights the success factors in life sciences as a high-performing asset class and discusses the role of Canadian pension funds in supporting innovation. The episode also covers the transformative potential of GLP-1 drugs and AI's impact on drug discovery and medical technology. And John Ruffolo is back to talk about the US elections and tech news. (Note: this was recorded before the election on 11/5/24). About Peter van der Velden: Peter van der Velden is the Founder and Managing General Partner of Lumira Ventures, a top Canadian life sciences venture capital firm he established in 2007 following a management buyout of MDS Capital. At Lumira, he focuses on biotech and medtech investments, with multiple high-profile exits involving acquisitions by major pharmaceutical companies. Prior to Lumira, Peter served as President and CEO of MDS Capital, Canada’s oldest life sciences VC firm. He has also founded and led Fusion Capital, an investment bank for Canadian tech ventures, and worked as Managing Director at Bedford Capital, a private equity boutique. Peter began his career in venture capital in 1988 at Vencap Equities and later held roles in business development at Hyal Pharmaceuticals and Taurus Capital. He holds an MBA from the Schulich School of Business and an MSc in Pathology and a BSc in Life Sciences from Queen’s University. In this episode, we discuss: News with John Ruffolo (1:26) – Super Micro Computer Stock Decline(4:00) – Canadian Perspective on U.S. Elections(6:45) – Decline of Mainstream Media and Rise of Alternative Platforms(11:41) – VCs Backing Multiple Competing LLMs(17:20) – Potential AI Mergers and Acquisitions in 2025 Interview with Peter van der Velden (19:48) – Peter’s Role at Lumira Ventures(21:03) – Transformation in Venture Capital and Life Sciences(24:05) – Life Sciences Outperformance as an Asset Class(27:48) – Canadian Pension Funds and Venture Capital(31:20) – Case Study: Histosonics and Pension Fund Support(35:25) – Quebec’s Leadership in Supporting Local Innovation(37:00) – Challenges in Advocating for Canadian Venture Capital(46:16) – GLP-1 Drugs and Their Transformative Potential(49:19) – Industries Disrupted by GLP-1 Innovations(52:00) – AI’s Role in Drug Discovery and Medtech Fast Favorites * Favorite Podcast: Acquired and All In * Favorite Tech Gadget: NotebookLM.google * Favorite Trend: Rationality returning to the venture market * Favorite Life Lesson: "Never give up" Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.ai This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

    1 h 5 min
  2. Revolutionizing Law with AI: Alex Alben of Theo AI on Predictive Legal Tech, Privacy, and the Future of Regulation

    31 OCT.

    Revolutionizing Law with AI: Alex Alben of Theo AI on Predictive Legal Tech, Privacy, and the Future of Regulation

    Matt Cohen welcomes Alex Alben, Co-Founder of Theo AI, to discuss his journey through media, law, tech policy, and AI, sharing insights into Theo AI’s mission to predict legal case outcomes, the impact of AI on law, and the ethical challenges AI poses. Alben reflects on balancing innovation with regulation and emphasizes the importance of listening and understanding. About Alex Alben: Alex Alben is Co-Founder and Co-CEO of Theo AI, where he uses AI-driven analytics to assess legal case outcomes. With 20+ years in law, media, and technology, he also teaches Internet Law, Cybersecurity, and Privacy at UCLA. As Washington State's first Chief Privacy Officer, he developed data policies and helped guide strategies on emerging tech like drones and biometrics. Previously, Alex held executive roles at RealNetworks, where he pioneered digital music and streaming while addressing copyright challenges. As General Counsel at Starwave, he helped launch ESPN.com and ABCNEWS.com. His background includes advising public and private sectors on data protection, and co-chairing Washington’s autonomous vehicle committee. Alex earned his A.B. in Political Science and J.D. in copyright and international law from Stanford University. In this conversation, we discuss: * (01:22) - Early Career at CBS: Working with Walter Cronkite, Alex describes how media responsibility and fact-checking shaped his approach to technology. * (09:30) - Real Networks: Alben reflects on pioneering media streaming, handling music piracy, and early digital media’s regulatory hurdles. * (14:19) - TerraPower and Tech Regulation: Working with Bill Gates’ TerraPower, Alex faced regulatory challenges in nuclear energy, shaping his perspective on tech regulation. * (16:38) - Washington Privacy Officer: As the first Chief Privacy Officer, he tackled privacy issues with drones and police body cameras, setting early standards. * (20:52) - AI and Regulation: Alex discusses parallels between regulating AI and earlier tech challenges, emphasizing the importance of thoughtful regulation. * (22:40) - Founding Theo AI: Theo AI’s mission is to predict legal outcomes to aid litigation decisions, providing law firms with data-driven insights. * (34:10) - Use Cases for Theo AI: Potential applications in litigation finance and law, helping firms decide on case investments with greater accuracy. * (39:02) - Impact of AI on Law: Comparing AI’s role in modernizing law with traditional practices, Alben highlights AI’s efficiency in document and case management. * (42:46) - Final Thoughts on Technology and Listening: Alex closes with the importance of deep listening and understanding in an AI-driven world, and how podcasts foster meaningful connection. Fast Favorites * Podcast: Revolutions by Mike Duncan * Newsletter: Tech Policy Journal * Gadget: iPhone 11 * Trend: Large language models (e.g., ChatGPT) * Book: Nine Stories by J.D. Salinger * Life Lesson: “Never wake a sleeping child” – and the value of listening deeply. Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.ai This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

    48 min
  3. 24 OCT.

    Disruptive Innovation in Journalism, and the Future of Media in a Tech-Driven World with David Skok of The Logic

    In this episode, David Skok, founder and CEO of The Logic, discusses his journey from traditional journalism to leading a digital-first news outlet. He reflects on his time at The Boston Globe, where he helped the publication transition to a digital subscription model. This experience laid the foundation for his decision to launch The Logic, focusing on Canada's innovation economy and providing high-quality, in-depth reporting. David explains how Clayton Christensen’s theory of disruptive innovation influenced his approach to digital media. He saw an opportunity to address gaps in Canadian tech and business coverage, and launched The Logic in 2018. He highlights the challenges of building a digital publication in a space dominated by legacy media and how his publication has carved out its niche by focusing on critical, analytical journalism. The discussion also covers the impact of Bill C-18 on the media landscape in Canada, with David offering insights into how it aims to level the playing field between big tech platforms and smaller news organizations. He also touches on the role of The Logic Summit, an annual event that brings together leaders in tech and business, as part of his broader mission to foster a stronger innovation ecosystem in Canada. And John Ruffolo of Maverix Private Equity joins Matt Cohen to discuss the latest tech and venture capital news. About David Skok: David Skok is the founder and CEO of The Logic, a business news publication focused on Canada’s innovation economy, with five bureaus across the country. Backed by the Financial Times, The Logic has become a prominent source of in-depth business journalism under his leadership. With over 25 years of experience, David previously held senior roles at The Toronto Star and The Boston Globe, where he led digital strategy and helped grow BostonGlobe.com’s digital subscriptions by 40%. He also co-created Globalnews.ca, one of Canada’s leading digital news platforms. David holds a Nieman Fellowship from Harvard University and a Bachelor’s degree in journalism from Ryerson University. He also serves on the board of the Online News Association and advisory boards for several journalism institutions. In this episode, we discuss: News Rundown with John Ruffolo: * (01:31) Elon Musk’s epic week * (02:00) Discussion on the rise of reusable rocket systems and the implications for space exploration * (03:26) Information Venture Partners (IVP), a Toronto-based venture capital firm, decides not to raise its fourth venture fund, citing market conditions and personal circumstances * (05:00) The trend of venture funds consolidating and shifting towards more niche or special purpose vehicle (SPV) investments is explored * (09:00) Geoffrey Hinton, known as the "AI godfather," wins the 2024 Nobel Prize in Physics for his contributions to AI * (12:00) Shopify President Harley Finkelstein's controversial comments about the lack of ambition in the Canadian tech sector, and the push for more risk-taking in AI development * (14:50) John Ruffolo responds, emphasizing the need for better access to capital and support for Canadian entrepreneurs, rather than a lack of ambition being the primary issue * (19:00) Matt and John discuss the large investments being made in U.S. data center developments and AI infrastructure, noting the contrast with Canada’s lack of similar projects * (23:00) A story about Anguilla’s earnings from the ".ai" domain surge, and how it now accounts for 20% of the island’s government revenue Interview with David Skok: * (24:53) David Skok discusses his early years in journalism and how his experiences shaped his career * (27:21) His experiences at The Boston Globe, leading its transition to a subscription-based model and the lessons learned from that time * (31:00) The evolution of digital content consumption and how consumers’ preferences for news have changed * (33:36) Clayton Christensen’s disruptive innovation theory on David’s dec

    1 h 17 min
  4. 17 OCT.

    Building Successful Relationships Between Family Offices and Emerging Managers with Benedikt Langer

    Matt Cohen sits down with Benedikt Langer, the thought leader behind the newsletter Embracing Emergence, to explore the world of emerging managers and their relationships with family offices and other Limited Partners (Limited Partners). Benedikt shares his journey of growing up in Germany to becoming an influential voice in the LP and Emerging Manager space, providing insights on why family offices and LPs should give more attention to emerging managers. About Benedikt Langer: Benedikt Langer is currently the Founder of Embracing Emergence, a platform dedicated to fostering collaboration and understanding between Limited Partners (LPs) and Emerging Managers (EMs). Through this initiative, he has created a space where both sides can exchange insights, build relationships, and engage in meaningful conversations to solve inefficiencies in the LP-GP process. In addition to running Embracing Emergence, Benedikt partners with select emerging managers, helping them craft their stories and strategies while guiding them in building strong connections with LPs. Before launching Embracing Emergence in 2024, Benedikt founded The Associates Network, an exclusive community for over 225 Venture Capital associates and analysts worldwide. Through this network, he facilitated deal flow, educational events, and personal introductions, significantly enhancing collaboration within the global VC ecosystem. Concurrently, he worked as an Associate at The Sutton Firm, a single-family office where he helped shape the firm’s strategies in venture capital, real estate, and small business acquisition. Earlier in his career, Benedikt gained a broad range of experiences, including a role as Senior Treasury Analyst at Vistra Corp. and advisory work with the Port Royal Society. His diverse background, combined with his passion for transparency and thought leadership in the family office space, has made him a sought-after partner in both the LP and EM communities. In this episode, we discuss: * (01:23) – Benedikt shares his background, growing up in Germany, and his journey into the venture world through a family office in Dallas * (05:18) – The story of how Benedikt met his wife during a 500-mile pilgrimage * (07:06) – The role of emerging managers in the venture ecosystem and common misconceptions held by LPs * (10:11) – How LPs can better underwrite emerging managers and the importance of storytelling in pitching to LPs * (12:31) – The concept of “LP-GP fit” and embracing complexity in relationships with emerging managers * (14:28) – The importance of understanding professional and personal dimensions in emerging managers * (20:00) – The value of direct communication and trust in LP-emerging manager relationships * (23:50) – The role of fund of funds in mitigating risk and providing access to top-performing GPs * (29:10) – How to effectively pitch to family offices and align with their values * (34:00) – Reverse due diligence: what emerging managers should learn about family offices before pitching * (36:00) – Differences between pitching founders and pitching family offices * (39:40) – Benedikt’s vision for Embracing Emergence and fostering better relationships between LPs and emerging managers Fast Favorites * Favorite Podcast: Pints with Aquinas – If you could grab a beer with Thomas Aquinas, what would you talk about? * Favorite Newsletter or Blog: The Abbey of Misrule – A blog about mysticism and wonder. * Favorite Tech Gadget: AirPods – Essential for phone calls. * Favorite New Trend: Marketing shifting from attention-based to thoughtfulness-based approaches. * Favorite Book: Pensées by Blaise Pascal. * Favorite Life Lesson: "Always do the uncomfortable things first in life" – Advice from his father. Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.ai This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, v

    45 min
  5. Bootstrapping to a Billion-Dollar IPO: Dax Dasilva on Lightspeed's Journey

    10 OCT.

    Bootstrapping to a Billion-Dollar IPO: Dax Dasilva on Lightspeed's Journey

    In this live episode recorded at the Elevate Conference, host Matt Cohen interviews Dax Dasilva, founder of Lightspeed and the conservation initiative Age of Union. The discussion covers Dax's entrepreneurial journey from his early days growing up in Vancouver as the son of Ugandan refugees, through the founding and growth of Lightspeed, and his venture into conservation and environmental advocacy. Dax shares insights on transitioning from a bootstrapped company to VC-backed growth, going public, his time away from the company, and his recent return as CEO. He also emphasizes the importance of spirituality, conservation, and embracing change as a leader. About Dax Dasilva Dax Dasilva is the Founder and CEO of Lightspeed Commerce. Founded in 2005, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experience and become a go-to destination in their space. It powers the world's best businesses in over 100 countries globally. Dasilva was reappointed as CEO on February 15, 2024. Prior to that, he served as Executive Chair of Lightspeed’s board of directors for two years, and previously led the company’s operations as Chief Executive Officer since its founding in 2005. Lightspeed employs thousands of staff, and powers hundreds of thousands of customer locations worldwide. During Dasilva’s leadership as CEO, the company went public in March 2019 on the Toronto Stock Exchange under the symbol LSPD, becoming one of Canada’s top 10 technology IPOs. In September 2020, the company listed on the New York Stock Exchange. Lightspeed also undertook 9 acquisitions over the course of a four year period to consolidate the global market and launch two, best-in-class flagship products: Lightspeed Retail and Lightspeed Restaurant. In this episode, we discuss: * (01:16) Dax explains his long-standing relationship with Elevate and the importance of in-person gatherings. * (02:03) Growing up in Vancouver, Dax was introduced to technology through his father’s job and his early exposure to a Mac startup. * (04:00) Dax talks about how his initial programming work with Mac dealerships led to the foundation of Lightspeed, serving complex retailers. * (05:09) Dax reflects on balancing growth and profitability during Lightspeed's first seven years without external funding. * (07:54) Dax stresses the need for a detailed business plan, which guided Lightspeed through its early years. * (09:00) Lightspeed’s shift to VC-backed growth began with a $30 million Series A led by Accel, as Dax discusses how they prepared for scaling and moving to cloud-based services. * (12:22) The challenges of leading a company through IPOs in Toronto and New York required Dax to adapt to public market pressures. * (15:01) Dax shares insights on handling the volatility of public markets, especially during the pandemic and interest rate shifts. * (17:00) Dax explains why he stepped back from Lightspeed in 2022, the projects he pursued during his time away, and the advice he received before returning. * (18:43) Dax reflects on how spiritual practices like meditation have helped him balance various roles and projects. * (20:32) Dax provides an overview of Age of Union, his conservation initiative, and his experiences with grassroots projects worldwide. * (23:16) Dax encourages startups to embrace a learning mindset, iterating through failures, and applying entrepreneurial thinking to different fields. Fast Favorites: * Favorite Podcast: 20VC * Favorite Newsletter: Nate Silver's Silver Bulletin * Favorite Tech Gadget: InBody fat and body composition analyzers * Favorite Trend: The rise of meditation * Favorite Book: Good to Great by Jim Collins * Favorite Life Lesson: "The journey is the reward" – Steve Jobs Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.ai This is a public episode. If you would like to discuss this with other subscribers or get access

    27 min
  6. Mastering Category Design with Peter Goldie and Deborah Kattler Kupetz from Category Design Co.

    26 SEPT.

    Mastering Category Design with Peter Goldie and Deborah Kattler Kupetz from Category Design Co.

    In this week's episode of Tank Talks, host Matt Cohen welcomes Peter Goldie and Deborah Kattler Kupetz the two principals of Category Design Co. Category Design is a powerful business strategy that involves identifying a gap in the market and creating an entirely new category to fill it. Together, they share their journeys, personal experiences, and insights into how category design can transform companies and shape industries. Peter and Deborah talk about how they first met through TED conferences and discovered a shared passion for category design. Peter, with his extensive experience in software and B2B industries, and Deborah, a serial entrepreneur with a background in trends, music, and events, explain how category design can redefine business strategies, create new market opportunities, and help companies achieve dominance in their fields. We also have John Ruffolo from Maverix Private Equity back to discuss the latest news. Deborah Kattler Kupetz Deborah Kattler Kupetz is a partner at Category Design Co., where she helps businesses define new market categories and execute strategies to dominate them. She also serves as an advisor at Physio AI, focusing on computational analytics for digital health, and at Aligne Capital Partners, where she works on creating sustainable ecosystems in the food and waste industries. Since 2006, Deborah has led dkkevents, a green event production company that produces eco-conscious experiences, and she continues to produce hybrid and virtual events. She has extensive experience in community-focused ventures, including her roles as Executive Producer of TEDxGreenStreet and Founder of Recenterpiece, a project that repurposes event centerpieces to reduce waste and feed those in need. Earlier in her career, she co-founded several initiatives focused on philanthropy and literacy, including Koreh L.A., Virtual Philanthropy, and the L.A. Literacy Corps. Deborah holds a BA in American Studies from Scripps College and earned both her MSW and MSG from the University of Southern California. Peter Goldie Peter Goldie is a partner at Category Design Co., where he works with companies to define and dominate their business categories. He is also an advisor to Physio AI and Aligne Capital Partners, helping both organizations scale their impact in digital health and sustainability. Prior to these roles, Peter was an advisor at Karerra and Gold Front, assisting startups in scaling and category development. Before focusing on category design, Peter co-founded sewnow! fashion studio and FashionKit, a retail and online business. He also held executive roles at companies like Leanplum, Exploratory Software, and Fluid, where he led product marketing and business strategy efforts. At Macromedia, Peter played a key role in the growth of Flash as the world's most installed software, and he began his career at Procter & Gamble in brand management. Peter holds a Bachelor of Commerce degree in Marketing from Queen’s University and completed his high school education at Upper Canada College. In this episode, we discuss: * News Rundown with John Ruffolo: (00:26) – Amazon's Return to Office MandateAmazon CEO Andy Jassy’s return-to-office announcement and its implications. (02:00) – Corporate Downsizing Through PolicySpeculation on whether the return-to-office policy is a strategy to reduce headcount without layoffs. (03:00) – Return-to-Office Trends Across IndustriesThe broader trend of companies shifting away from fully remote work. (05:00) – Space & Telecommunications: Elon Musk vs. TelesatDiscussion on Canada's investment in Telesat and the ethics of government handouts. (09:00) – Canadian Government Ventures and InnovationConcerns about government-backed corporations and their ability to foster innovation. (12:00) – Business Development Bank of Canada (BDC) Leadership ChangesLeadership changes at BDC and their impact on Canadian venture capital. (16:00) – Secondary Sales and Continuation Funds in

    1 h 8 min
  7. Disrupting Telecom and Beyond: Anthony Lacavera on Lessons Learned and New Ventures

    19 SEPT.

    Disrupting Telecom and Beyond: Anthony Lacavera on Lessons Learned and New Ventures

    This week Matt Cohen welcomes Anthony Lacavera, an entrepreneur known for founding Globalive and Wind Mobile. Anthony shares his journey from starting his first business after graduating from the University of Toronto to challenging the Canadian telecom giants with Wind Mobile. He discusses the lessons learned from his successes and failures, his passion for innovation, and his latest ventures in the Caribbean telecom industry and the matchmaking space with Pair Us. Throughout the conversation, Anthony highlights the importance of resilience, transparency, and fostering meaningful relationships in both business and life. About Anthony Lacavera Anthony Lacavera is the Founder and Chairman of Globalive, a venture capital firm and operating company based in Toronto, Canada. Since establishing Globalive in 1998, Anthony has been involved in creating and leading several companies across industries like telecommunications, technology, and media. Among his notable ventures is WIND Mobile, a Canadian telecom company that was sold for $1.6 billion in 2015. Recently, Anthony co-founded Pairus, a platform combining traditional matchmaking with AI, and serves as Chairman of Paradise Mobile, a telecom initiative in Bermuda. In addition to his entrepreneurial activities, Anthony has been active in media and technology. He founded Globalive Media in 2018, where he hosts "Beyond Innovation," a program that covers developments in technology and innovation. He also contributed to Bloomberg Television, focusing on technology, telecommunications, and entrepreneurship. Through Globalive Capital, Anthony has invested in over 200 early-stage companies and is involved in various mentorship programs supporting new entrepreneurs. Anthony's career began after he earned a degree in Computer Engineering from the University of Toronto. In this episode, we discuss: (01:55) The founding of Globalive and its first big success with Wind Mobile (04:11) Why transparency was the key to Wind Mobile's success (06:10) The story behind trying to buy back Wind Mobile in 2022 (08:04) The challenges of foreign ownership restrictions in the Canadian telecom industry (09:27) Re-entering the telecom business with Paradise Mobile in the Caribbean (11:25) His biggest financial loss and what he learned from it (12:50) The importance of self-awareness and learning from failure (14:54) What Globalive looks for in startups: Founder resilience and self-awareness (17:38) The importance of investing in your health and longevity as a founder (20:00) Transforming the matchmaking industry with AI and human connections with Pair Us (21:45) Why human connections are crucial for longevity and happiness (26:45) How Anthony incorporates learning from every interaction into his daily life (28:19) Why patience and long-term thinking are critical for entrepreneurial success (31:16) The role of AI in transforming business (36:45) Balancing giving advice with letting founders learn on their own (38:04) Why taking care of your health is essential for sustained success Fast Favorites: 📲 Favorite Tech Gadget: Samsung Z Fold6 📚 Favorite Book: The Science and Technology of Growing Young by Sergei Young 🤔 Favorite Life Lesson: Every single interaction you have with someone, think about what you can learn from that person, and journal it. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

    44 min

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Join your host, Matt Cohen, Founder & Managing Partner at Ripple Ventures for weekly conversations with leaders in the startup ecosystem discussing the truth about investing, building and running startups. tanktalks.substack.com

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