75: Impact Investing – Running the Vatican’s Accelerator with 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.   Links: Fresco.vc Twitter   Where we are: Johnny – Canary Islands Sam – Southeast Asia   Discussed: Audible 30 Day FREE Trial   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   If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.