During the pandemic, @dontmitch called me and said something along the lines of “I know what I want to do for the rest of my life. I’m going to build electric boats.” At first, I thought he was nuts. I even tried to talk him out of it. He had just had his first kid, he had a great job working at Credit Karma, the acquirer of his last company, and we were in extremely uncertain times. Did people even want electric boats? Aren't there a ton of challenges with electrifying watercraft? The more we talked, the more it became obvious that he was 100% going to build this company, and it was going to massively change the industry. In just a few years, @ArcBoats has: - Raised $100M+ from top investors like @EclipseVentures, @a16z , @lowercarbon, @MenloVentures (and of course @NecessaryVC) - Built an incredible team hailing from @SpaceX, @Tesla, @Rivian, etc. - Sold out and fully delivered their first model, the incredibly powerful and fun Arc One - Designed and started deliveries on their second model, the mass-market Arc Sport, comparably priced to competitors but more powerful, more advanced, more fun to drive, quieter, and not pollutive This was a very special episode of Money Moves, where Mitch and I were joined by another long-time friend and previously exited entrepreneur, the brilliant @robertoryan (Clinkle gang IYKYK). We talk about raising your first round, building a team, and keeping the pace. Check it out on: YouTube: youtu.be/8mEippFlTPU?feature… Spotify: open.spotify.com/episode/31z… Apple: podcasts.apple.com/us/podcas…