Taste Radio
Vice Is Nice. Why This VC Firm Is Pumping Millions Into ‘Bad’ Consumer Products.
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:47:23
- More information
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Synopsis
What do canned cocktails, psilocybin-infused gummies and sex tech have in common? They are all concepts that Vice Ventures has invested in. A seed-stage venture capital fund, Vice Ventures describes itself as “conquering stigmas and striving towards superior returns by investing in good companies operating in ‘bad’ industries.” Launched in 2019 by former equities trader Catharine Dockery, Vice has drawn on its $25 million fund to make investments in 10 companies, including functional beverage brand Recess; Indose, a maker of precision-focused cannabis vaporizers; RTD espresso martini brand Deloce; and Lucy, which markets a line of “cleaner nicotine” gum. In this episode, Dockery joined us for an expansive interview that delved into her interest in “vice” categories, her process for evaluating innovation and novelty and how the fund utilizes non-traditional data to make informed decisions. She also explained why she believes a shakeup in the distribution of alcoholic beverages is on its way, why she spends mos