FREDERIK GROCE | Storm Ventures | Purpose-Driven Action and Elevating Black VCs! - S2E5

Peter Saddington interviews Frederik Groce of Storm Ventures, focusing on Groce's unique path into venture capital and his desired impact. Groce didn't initially aspire to be a VC; his role at Stanford Student Enterprises, managing student group finances, exposed him to the venture community. This unexpected exposure, coupled with mentorship, led him to view VC as a potential fit. Groce discusses his "contrarian thesis" of investing in "GovTech"—software solutions for more efficient government operations, stemming from his political science background. He views governments as the largest enterprises, offering substantial investment opportunities. Another key factor in choosing Storm Ventures was finding a firm where he could elevate underrepresented groups in venture capital, reflecting his commitment to diversity and inclusion within the industry.