Rick Holton: Venture Capitalist on failed deals why corps can't innovate & helping the imprisoned

Rick Holton Venture Capitalist tells about deals that failed, why large corps can't innovate and the divide between the top and bottom of the world.Rick Holton is a venture capitalist at Fintop Capital. Holton and Vance Crowe discuss what is venture capital, how do deals get struck, deals that Rick lost his money in and why corporations often outsource their innovation to smaller more nimble companies.Vance mentions a YouTube channel called "The Soft White Underbelly" you can find out more here: https://www.youtube.com/channel/UCCvcd0FYi58LwyTQP9LITpAConcordance Academy: https://concordanceacademy.org/0:00 Start3:54 Why start a Venture Capital firm in St. Louis?7:50 What does a Venture Capitalist do on a daily basis?10:15  When companies stop innovating14:50 Communism analogy inside of large companies18:31 What a pitch on Shark Tank is really worth22:01 What's the current state of unaccredited investing?30:13 What's Quibi doing now?40:07 Why Deals Fail43:07 How to put together a good group46:00 Vance asks for Rick's Peter Thiel Paradox53:14 Soft White UnderbellyPodcast Website: https://www.vancecrowe.com/podcastApple Podcasts: https://podcasts.apple.com/us/podcast/the-vance-crowe-podcast/id1463771076Spotify: https://open.spotify.com/show/08nGGRJCjVw2frkbtNrfLw?si=WUCu-FoyRRu9U_i-1gJZfgRSS: https://feeds.transistor.fm/the-vance-crowe-podcastYouTube Full Episodes: https://www.youtube.com/channel/UCigB7W5bX_gCinJxev9WB8w/YouTube Clips: https://www.youtube.com/channel/UCJKKb66A5_4ZcsE-rKI24ygBuy a sweatshirt, T-shirt or mugs from the podcast! Check out the Articulate Ventures Merch Store: https://teespring.com/stores/thevancecrowepodcastSubscribe to the podcast for email notifications on new episodes, invites to events and other exclusive content — http://eepurl.com/gSTfk5ABOUT THE VANCE CROWE PODCAST — Vance Crowe interviews people with an expertise that you would want to know about, but might not think to ask. He prompts his guests to think about their work in novel ways, discusses how it applies to regular people and has fun sharing stories and experiences.SUPPORT THE PODCAST —Rate the Podcast |  https://ratethispodcast.com/vcpJoin the Articulate Ventures Network | https://network.articulate.ventures/ —We are a patchwork of thinkers that want to articulate ideas in a forum where they can be respectfully challenged, improved and celebrated so that we can explore complex subjects, learn from those we disagree with and achieve our personal & professional goals.Contact Vance for a Talk | https://www.vancecrowe.com/ —Vance delivers speeches that reveal important aspects of human communication.  Audiences are entertained, engaged, and leave feeling empowered to change something about the way they are communicating.  Vance tells stories about his own experiences, discusses theories in ways that make them relatable and highlights interesting people, books, and media that the audience can learn even more from. Join the #ATCF Book Club | https://articulate.ventures/category/atcf-book-club