In this episode, Karen sits down with Renan Devillier, the dynamic founder and CEO of OSS Ventures. Together, they delve into the vital role of local production and community sourcing in industries such as quantum computing and chip manufacturing, highlighting a notable resurgence of factory openings in the US. Renan shares his insights on modern manufacturing models that blend technology with environmental respect, leading to more skilled, higher-paid jobs. 

The conversation also explores the democratization of capital markets, with Karen spotlighting the transformative impact of the JOBS Act in enabling broader investment opportunities. Renan discusses OSS Ventures’ unique investment strategy, focusing on seed-stage funding with “patient money” to build profitable companies. Since 2018, OSS has partnered with 20+ companies which have created over 340 jobs in Europe. The discussion also covers growth and exit strategies, capital investment access, and the significance of fostering innovation through broader investment channels.

Listen as Karen and Renan navigate the future of manufacturing, the evolving role of technology and AI, and the critical need for skill adaptation in the workforce. Renan’s diverse background and visionary approach, coupled with Karen’s deep knowledge of angel investing and venture capital, make this episode a must-listen for anyone interested in the intersection of technology, manufacturing, and compassionate capitalism.

Key takeaways from this episode: 

1. Community and Local Production

– Importance of local sourcing and Advocacy for sustainable, localized production systems

– Geopolitical and supply chain challenges leading to localization

– Identifying vulnerabilities in industries like quantum computing and chip manufacturing

– Resurgence of US factory openings expected in 2023 and 2024

– U.S. initiatives like the Inflation Reduction Act and Infrastructure Bill

2. Modern Manufacturing Models

– Shift towards technology-driven production

– Emphasis on environmental sustainability

– Better-skilled, higher-paid jobs  and the importance of adapting tech delivery for blue-collar environments

– Example of plane factory workers operating complex machinery

– Necessary skill adaptation for the workforce with the growth in robotics and AI, with an emphasis on the role of education systems and policies

3.  Economic Democratization

– Democratization of capital markets and encouragement of informed investment choices

– JOBS Act allowing broader investment in entrepreneurs and small businesses

– Transition traditionally reserved for the ultra-wealthy

– Advocacy for broader access to capital investment

– Importance for startup innovation and Community and government funding as alternatives to traditional venture capital

4. Investment Strategy at OSS Ventures

– Investing in seed stages with an eye for investment return goals by year five

– “Patient money” strategy for building profitability and the capital requirements for scaling to profitability

– Open to ideas from industry professionals, founders, and investors, and site visits and worker communication to uncover market needs

– Investment in “operations” roles and identifying operational needs to enhance productivity and safety – Examples: My CE and Siebel Tech

– Addressing disconnect between tech and blue-collar environments

– Investing in or forming companies to address those needs- Significant economic impact but limited VC funding across the industry

5. Growth and Exit Strategies

– Global scaling through mergers, acquisitions, and international expansion

– Founders’ role in scaling decisions

– OSS Ventures’ minority shareholding strategy

– Scaling solutions for big[…]