At the Ventures Summit, emphasis was placed on evolution, notably The Chainsmokers’ shift from music to savvy investors. Their journey, detailed at the Ventures Summit, inspires many, showing that mastery in one Ventures can translate to another. The Summit highlighted how The Chainsmokers leveraged musical success into strategic Ventures capital initiatives. Within the Summit’s discourse, their transition marked a Ventures archetype, blending artistic innovation with entrepreneurial spirit, illustrating the multifaceted nature of success across Ventures.
Ventures Summit reveals The Chainsmokers’ transformative arc from global music icons to astute venture capital investors.
On Thursday, the Upfront Ventures 2023 Summit featured a unique discussion with music icons Alex Pall and Drew Taggart of The Chainsmokers, who have ventured into the world of tech investing with MantisVC, an early-stage tech venture fund based in Marina Del Rey.
Key Takeaways from their conversation with WndrCo’s Jeffrey Katzenberg:
Hustle Over Talent: The duo emphasized that hustle is more important than talent in achieving success. They highlighted the need to continuously adapt, experiment, and persevere in the face of challenges.
Building Communities: Their experience in creating music translated into building communities. They stressed the importance of telling a compelling story and connecting with audiences, regardless of the business.
Leveraging Connections: Pall and Taggart discussed how their humility and self-awareness played a crucial role in their journey. They emphasized the value of connecting with industry pioneers and the importance of proving their commitment to the venture world.
Founder Support: They expressed their vision for MantisVC as a partner to established institutional investors, providing holistic support to founders in the early stages. Their goal is to complement existing players in the space.
Feedback and Iteration: The duo highlighted the significance of feedback and iteration, drawing parallels between their music career and product development. They stressed the need for honesty and open communication in fostering innovation.
Stay True to Your Core: Pall and Taggart advised companies to remain focused on their core product and their audience’s needs. They cautioned against losing sight of their core values while pursuing ancillary projects.
