Emilio, a seasoned investor, consistently emphasizes the significance of adaptability in business ventures. He argues that an entrepreneur’s ability to pivot, embracing new perspectives on product development and market trends, is vital. Moreover, Emilio suggests that securing funding hinges on a clear vision and robust growth potential, which in turn relies on ongoing learning and strategic networking. His experiences reveal that success in ventures requires more than just passion; it demands a keen understanding of the intricate dance between innovation, consumer needs, and fiscal acumen.
In a recent episode of the LA Venture podcast, Emilio Diez Barroso, a Partner at Bold Capital, shared his insights on entrepreneurship, investment, and the qualities he looks for when investing in companies. Bold Capital is a Series A fund that primarily focuses on deep tech and biotech companies, aiming to support endeavors that have the potential to transform industries and uplift humanity.
Diez Barroso emphasized the importance of humility and vulnerability in the entrepreneurial journey, highlighting that founders don’t need to have everything together when seeking investments. Instead, he values individuals who take full responsibility for their vision and are willing to execute it.
Apart from his role at Bold Capital, Emilio Diez Barroso manages two family offices, providing him with diverse perspectives on investments. He noted that his approach to investing varies when he invests for himself, his family, or limited partners (LPs).
Diez Barroso began his entrepreneurial journey in Los Angeles, where he faced initial failures due to a lack of access to contacts and resources, unlike in Mexico, where he grew up with a family business. He expressed how he embraced every opportunity that came his way, co-founding and partnering in various startups, even when he had little knowledge of the business. Through trial and error, he discovered that he was better suited for investment than operating businesses.
Acknowledging that not everyone is cut out for the entrepreneurial journey, Diez Barroso shared his perspective on the unique character required to start something from scratch. He reflected on his personal journey and how he initially struggled with the need to be the smartest person in the room. He realized that he had been chasing external rewards and validation, which led him to understand the importance of introspection and self-awareness.
Diez Barroso also observed a common trait among entrepreneurs and activists—a quick-burning fuel driven by anxiety and a narrow focus on predefined expectations. He highlighted the significance of leaving room for possibilities and remaining open to the unforeseen in the pursuit of meaningful endeavors.
These insights from Emilio Diez Barroso provide valuable perspectives on entrepreneurship, investment, and personal growth in the business world. If you have any specific questions or need more information on these topics, please feel free to ask.