Outsized IRR with Kirk Ouimet

In this episode, Harry and Colin talk to Kirk Ouimet. Kirk Ouimet is a successful entrepreneur, inventor, and investor who founded Scan, a computer vision company that created a popular app downloaded over 250 million times. He sold the company to Snap Inc., helped scale their engineering team, and launched an office in Utah. Kirk authored over 20 patents and provided his team and investors $100M+ in returns when Snap went public. He now focuses on investing in and advising startups, with over 250 investments, including several unicorns.

Where to Listen and Watch:

Apple -

Spotify -

YouTube -

Segments:

00:00 - Intro

04:22 - Kirk’s angel investment history and future plans

10:47 - How did Kirk come up with his investing strategy?

15:00 - Why does Kirk have such a low bar on all his deal?

25:16 - Why Kirk doesn’t get emotionally invested when deciding where to invest

27:39 - What is driving Kirk’s investment returns?

31:10 - What expectations should new angel investors have?

39:21 - Trending on Twitter: Do great founders all send consistent investor updates?

43:41 - Trending on Twitter: Dennis Hegstad three year angel investment performance

48:30 - What is Kirk working on next?

Links to Additional Info:

Kirk Ouimet LinkedIn - https://www.linkedin.com/in/kirkouimet/

Kirk Ouimet Twitter - https://twitter.com/kirkouimet

Personal Website - https://www.kirkouimet.com/

Random Seed - https://www.randomseed.com/

Private Equity Guy Tweet -

PrivateEquityGuy @PrivatEquityGuy

I think it was Harry Stebbings from 20VC podcast who said that out of 38 companies he has in his portfolio. Only 8 do monthly updates, ONLY eight!! And these 8 are the most successful; and they have the most disciplined founders. Lesson learned, thanks @HarryStebbings

Dennis Hegstad Tweet -

dennis hegstad @dennishegstad

I made 39 angel investments over the last 3 years and this is where they stand: 2020-2023: - 0 have returned capital so far - 2 have gone to $0 - 2 have taken >50% reduction of valuations - 1 is marked up >1000% - 6 have mark ups of 30-200% - 28 have no updates re: funding

Other Ways to Connect with Wannabe Angels:

Instagram - https://www.instagram.com/wannabeangels

YouTube - https://www.youtube.com/channel/UCTd0VpLRUqEfQ5mk431z2Lg

Tik Tok - https://www.tiktok.com/@wannabeangels

Twitter - https://twitter.com/wannabe_Angels

Linkedin - https://www.linkedin.com/company/wannabe-angels/

About Colin:

Colin Gardiner has spent over a decade building startups focusing on online marketplaces. Most recently, he worked for Outdoorsy as Chief Revenue Officer. He advises marketplace/platform startups on growth, analytics, monetization, fundraising, and strategy. He also runs the rapidly growing syndicate Yonder Ventures, which invests in marketplaces and platforms and the SaaS, Fintech, Insurtech, and the technology enabling them.

Colin LinkedIn - https://www.linkedin.com/in/colingardiner/

Colin Twitter - https://twitter.com/ColinGardiner

About Harry:

Harry Campbell runs The Rideshare Guy, a popular community for drivers and gig workers in the rideshare and delivery space. He’s an active angel investor, having invested over $500k in 30+ companies and funds over the past few years; he is still trying to figure it all out, though!

Harry LinkedIn - https://www.linkedin.com/in/harrygcampbell/

Harry Twitter - https://twitter.com/TheRideshareGuy