In this episode, Tony Olivito from Comeback Capital shares insights into the firm's investment pace and strategy. He discusses the importance of cash flow and capital efficiency, reflecting on his entrepreneurial journey. Tony outlines their pre-seed investment strategy and the risks of startup funding. The conversation covers his transition to fund management, building an angel portfolio, and the dynamics of infrastructure, rolling funds, and SPVs. Tony offers advice on starting a fund, current investment trends, and de-risking startups. He concludes with thoughts on balancing entrepreneurship with a day job and advice for founders and investors.

(0:00 ) Introduction to Comeback Capital and Investment Pace
(1:12 ) Introducing Tony Olivito from Comeback Capital
(2:13 ) New Year's Resolutions and Founders' Focus for 2023
(4:36 ) The Importance of Cash Flow and Capital Efficiency
(5:18 ) Tony's Background and Entrepreneurial Leap
(9:24 ) Founding Comeback Capital and Pre-Seed Investment Strategy
(12:13 ) Allocation and Risks in Startup Funding
(18:05 ) Tony's Milestones and Transition to Fund Management
(24:13 ) Building an Angel Portfolio and Fund Genesis
(30:01 ) Infrastructure, Rolling Funds, and SPV Market
(36:10 ) Advice for Starting a Fund and Investment Trends
(44:15 ) Audience Q&A: De-risking Startups and Mindset Shifts
(52:57 ) Balancing Entrepreneurship with a Day Job
(57:10 ) Final Thoughts for Founders and Investors
(1:01:02 ) Closing Remarks and Future Plans