Welcome to a new episode of Sobremesa Podcast. Today we have Jack Greco, a prolific angel investor and entrepreneur who built a multibillion-dollar company. ACV Auctions is a B2B marketplace and one of the few in this category that had a successful large exit. Today Jack will share the story behind ACV Auctions, its development and why he ultimately decided to leave. We will also get into his hiring process and investments at his new fund, Far Out Ventures. 00:00 Coming Next 00:23 Introducing Jack Greco 01:02 The idea behind ACV Auctions 09:08 One of the few successful exits in B2B marketplaces 14:00 When hiring and culture are not just buzzwords 19:05 When to use human interactions and when to use tech instead? 24:11 What advice do you have for entrepreneurs? 27:19 The importance of doing investor updates right 32:11 When is leaving as a co-founder a red flag? 37:25 Angel investing is the best asset class in the world 41:28 Controversy around accredited investor definition 45:32 Forget Silicon Valley: investing in tier 2 and 3 cities in the US 50:19 VC as an agent of change 52:55 Optimistic closing remarks Show notes https://www.acvauctions.com/https://www.farout.vc/https://cardealermagazine.co.uk/publish/bcas-expanded-manchester-remarketing-centre-running/141148 https://www.wbir.com/article/news/local/watercooler/the-nine-archetypes-exploring-the-enneagram-personality-test/51-574457436https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor