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John Kim - How to Raise a Few Billion Dollars - [Invest Like the Best, EP.482]

Shownote

Today my guest is John Kim [https://www.linkedin.com/in/john-kim-106127182/]. John is one of the world's top and most prolific fundraisers.  He was chief client officer at General Catalyst, where he helped raise many of the firm's flagship funds. He is now chairman and president of corporate development at Lila Sciences, a company building scientific superintelligence, where he has helped raise several hundred million dollars.  He is also the author of The Tao of Fundraising [https://www.amazon.com/dp/163763496X?lv=shuf&channelId=500&plpRedirect=mhFallback].  This conversation is really a guide on how to raise money from someone who has done it at the highest level. We talk about why persuasion equals desire minus fear, the difference between belief and trust, the laws of fundraising, and how to build the consensus that moves big pools of capital.  Please enjoy my conversation with John Kim. For the full show notes, transcript, and links to mentioned content, check out the episode page ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠ [https://colossus.com/episode/how-to-raise-a-few-billion-dollars/].  ----- Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at ⁠colossus.com/subscribe⁠ [https://colossus.com/subscribe]. ----- ⁠Ramp’s⁠ [https://ramp.com/invest] mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ [https://ramp.com/250-signup-bonus?utm_source=podcast&utm_medium=paid-podcast&utm_campaign=podcast-colossus-250&utm_content=invest]⁠ ⁠ramp.com/invest⁠⁠ [https://ramp.com/invest] to sign up for free and get a $250 welcome bonus. ----- Trusted by thousands of businesses, ⁠Vanta⁠ [https://vanta.com/invest] continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Invest Like the Best listeners get a special offer of $1,000 off Vanta when you go to ⁠vanta.com/invest⁠ [https://vanta.com/invest].  ----- WorkOS⁠ [https://workos.com/] is the infrastructure B2B and AI-native companies use to sell to enterprise. It covers everything enterprise security requires: SSO, SCIM, RBAC, Audit Logs, AI governance, and more. Trusted by 2,000+ fast-growing companies, including OpenAI, Anthropic, Cursor, and Vercel. ----- Rogo [https://rogo.ai/invest] is the AI platform for finance. They're building agents for Wall Street that are trained to understand how bankers and investors actually do work: from diligence and modeling, to turning analysis into deliverables. To learn more, visit rogo.ai/invest [https://rogo.ai/invest]. ----- ⁠Ridgeline⁠ [https://www.ridgelineapps.com/] has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ridgeline.ai⁠ [https://www.ridgelineapps.com/]. ----- Editing and post-production work for this episode was provided by The Podcast Consultant [https://thepodcastconsultant.com/]. Timestamps: (00:00:00) Welcome to Invest Like The Best (00:02:02) Introduction of John Kim (00:02:39) Money Moves at the Speed of Trust (00:05:06) How to Start a Fundraising Campaign (00:08:03) Persuasion Equals Desire Minus Fear (00:12:20) How to Raise a Few Billion Dollars (00:15:58) The Benchmark Story (00:18:36) The Law of Differentiation (00:24:13) Law of Tradeoffs and Law of Pipeline (00:27:52) The Karpman Drama Triangle (00:30:42) Oprah Winfrey (00:33:49) Most Common Fundraising Mistakes (00:38:35) Secretary of State (00:45:40) The Inner Game (00:47:38) The Kindest Thing

Highlights

This podcast features John Kim, a top fundraiser who has raised billions for firms like General Catalyst and now leads corporate development at Lila Sciences. He shares his philosophy on raising capital, drawing from his book 'The Tao of Fundraising' and his extensive experience. The conversation explores the psychological and strategic principles behind moving large sums of money.
02:04
John Kim leads corporate development at Lila Sciences
02:39
Money moves at the speed of trust.
05:06
Start with those who already trust you.
08:09
Persuasion equals desire minus fear.
14:51
Consensus is powerful for moving markets.
15:59
Exceptional performance eliminates the need for fundraising.
18:44
If the glove doesn't fit, you must acquit.
26:45
Conversion ratio is the only metric that matters.
27:56
Identify victim mentality to become the hero.
33:49
Persuasion requires winning hearts through desire and trust
44:08
Finding a great capital raiser is like winning the lottery.
45:43
Authentic trust in fundraising creates friendship
47:39
His wife arranged a Styx song performance for his 50th birthday

Chapters

Welcome to Invest Like The Best
00:00
Introduction of John Kim
02:02
Money Moves at the Speed of Trust
02:39
How to Start a Fundraising Campaign
05:06
Persuasion Equals Desire Minus Fear
08:03
How to Raise a Few Billion Dollars
12:20
The Benchmark Story
15:58
The Law of Differentiation
18:36
Law of Tradeoffs and Law of Pipeline
24:13
The Karpman Drama Triangle
27:52
Oprah Winfrey
30:42
Most Common Fundraising Mistakes
33:49
Secretary of State
38:35
The Inner Game
45:40
The Kindest Thing
47:38

Transcript

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