My guest today is Matt Clifford. He’s the co-founder of Entrepreneur First, the world’s leading talent investor. They invest “pre-company” by helping the best people in cities around the world find a co-founder, develop an idea, and start a company. So far, they’ve helped 1000 people start 200 companies worth a combined $1.5B. This conversation covers their entire ecosystem and holds lessons for anyone building a business. I especially loved Matt’s ideas on the history of ambition.Please enjoy our conversation.For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshagShow Notes1:20 – (First Question) – An overview on talent investing4:37 – The history of ambition10:08 – How do they search for ambitious people12:21 – What happens early on for these formed teams17:43 – Assigning an idea to a talented team20:52 – Opportunities in deep technology27:16 – A closer look at the hardware and machinery of the deep technology changes30:54 – The geographical focus of venture capital investments37:16 – Problems with the way early-stage investment world works41:22 – People who are creating value in a management company and how they manage their investments55:12 – Advice to people creating investment companies and pricing power1:00:31 – The power of cities1:02:46 – Topics they cover in their newsletter; technological sovereignty as one example1:04:11 – Experience and thoughts on China1:06:51 – A.I. Nationalism1:12:03 – Kindest thing anyone has done for MattLearn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag