In this episode of Startup Nation, I interview Bill Reichert, a pioneering figure in Silicon Valley's venture capital ecosystem. Bill shares his journey from founding a software company in the 1980s to establishing Garage Technology Ventures with Guy Kawasaki. Known for coining and popularizing fundamental investment concepts like seed and pre-seed funding, Bill has been instrumental in shaping the modern startup accelerator model and fostering global venture capital accessibility. We discuss the evolution of venture capital, the groundbreaking concept of global VCs, and the rise of seed and pre-seed funding. Now a partner at Pegasus Tech Ventures, Bill elaborates on the innovative 'venture as a service' model that bridges startups with global corporations. We also cover the challenges of corporate partnerships, the significance of open innovation, and the future trends in technology and defense sectors. Bill’s ability to simplify complex concepts is particularly highlighted, making this episode a must-watch for aspiring entrepreneurs and investors.00:00 Introduction to Bill Reichart and His Impact on Silicon Valley02:49 Bill's Early Days and First Startup Experience05:59 Founding Garage Technology Ventures08:09 The Pegasus Tech Ventures Model23:12 Startup World Cup: A Global Competition27:29 Impact of Government Policies on Venture Capital30:20 Emerging Trends in Defense and Space Tech