Emerson Collective

What's fascinating here is how bluntly the new leadership is evaluating their past success.

Laurene Powell Jobs, whose organization, Emerson Collective, is the financial engine behind this pivot-

She actually stood on the stage at the Bloomberg conference, right?

Yeah, she stood on stage and explicitly stated that fee for service is a bad way to build a company.

Yes.

Let's get into the new leadership.

In January of this year, Laurene Powell Jobs' organization, Emerson Collective, made a, quote, "material investment in Anonymous Content."

Now, the source material doesn't provide the exact dollar figure, right?

And what was your mandate in California?

Uh, so we're, we were working very closely with, uh, Emerson Collective.

Um, so Emerson Collective is the investing and philanthropic organization led by Laurene Powell Jobs.

Um, so, you know, their sort of physical footprint is, uh...

They're based here.

Yeah.

So in that 2021, 2020 timeframe, you know, that, that, uh, winter that I mentioned started to thaw, uh, and we just saw this resurgence of interest from talent and capital and, uh, innovating in climate tech.

And at the same time, Emerson Collective, which I mentioned, uh, sort of, uh, you know, uh, we put our heads together, and they were like: "Yeah, you're getting great deal flow for Elemental, and that's even..." You know, Elemental's mission is very much to be as catalytic as possible, uh, per dollar invested.

When We're in Charge came about because in...

What was it? 2022 going into 2023, I had a fellowship with the Emerson Collective, which is a foundation in Silicon Valley area.

And it was a communications fellowship specifically.

So they asked me what my communications goal was.

Con esta, eh, sinergia o esta adquisición, pues pasa a, a competir en otras esferas, ¿no? También como mencionaste al principio del episodio, Juanma, esta compra es la col-- la culminación de una relación que ya existía Ellos ya habían formado esa alianza de entrenamiento y optimización de inferencia.

Y también AMD en febrero había participado de la ronda de más de mil millones de, de World Labs, e incluso NVIDIA, Autodesk, Emerson Collective, Fidelity y Sie, habían sido otras personas que habían contribuido en esta ronda.

Y esto, Juanma, también importa, sobre todo porque en esa ronda se le asignó a la empresa un valor de alrededor de cinco mil millones.

Y hoy, siete meses después, AMD estaría acce-- aceptando pagar los ocho mil doscientos millones, más o menos unas uno punto seis veces de lo que valía en febrero.

Today's guest is Sarah Pinto, Head of Robinhood Ventures and President of Robinhood Ventures Fund 2.

Sarah spent nearly eight years at Lorraine Powell Jobs Emerson Collective, where she led growth stage investing and backed companies like OpenAI, Anthropic, and Coinbase well before they were household names.

Before that, she started her career at the World Bank's International Finance Corporation after studying international development at the Harvard Kennedy School, then spent a decade in private equity and growth equity.

A couple years ago, she joined Robinhood to help build something that hasn't really existed before, a publicly traded venture fund that lets anyone, accredited or not, buy shares in a portfolio of private companies on the same exchange as any other stock.

And thanks for having me.

Yeah.

So for those that don't know, Sarah spent close to a decade investing in mission-driven growth stage companies at Emerson Collective.

And you've backed names that are now incredibly familiar to everybody.

Hello.

I'm happy to be here and I'm really excited to speak a little bit on our participation in the Baltimore Book Festival, which for this year we're collaborating with Emerson Collective, which is an organization that's equally interested in a lot of the things that we do.

have been focused on here in Baltimore.

And one is early literacy and kind of dealing with it on more of a general level.

Tell us what that name means.

Why that name?

Well, the name is part of the initiative that was pretty much pioneered by Emerson Collective.

They first presented it during the Roots Picnic in Philadelphia this past summer.

Okay.

But also Steve Jobs' widow, the Emerson Collective.

But I just want to go back to the Mondami issue, right? Americans believe...

in our classical liberalism.