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: Concordance Academy: 0:00 Start 3:54 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 innovating 14:50 Communism analogy inside of large companies 18:31 What a pitch on Shark Tank is really worth 22:01 What's the current state of unaccredited investing? 30:13 What's Quibi doing now? 40:07 Why Deals Fail 43:07 How to put together a good group 46:00 Vance asks for Rick's Peter Thiel Paradox 53:14 Soft White Underbelly Podcast Website: Apple Podcasts: Spotify: RSS: YouTube Full Episodes: YouTube Clips: Buy a sweatshirt, T-shirt or mugs from the podcast! Check out the Articulate Ventures Merch Store: Subscribe to the podcast for email notifications on new episodes, invites to events and other exclusive content — ABOUT 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