Sound Investments

This week Ed Barker talks to Buffy Allegria, managing partner and co-founder at Loud Ventures, about how her corporate banking background and experiences after having premature twins led her into healthcare venture capital. We talk about how VC is structurally broken for healthcare, where regulatory, reimbursement, and adoption hurdles require more than a check. Loud’s model embeds fractional executives and provides venture-building support to help companies navigate payer contracting, reimbursement codes, workflow integration, and other operational challenges, aiming to improve outcomes for founders, investors, and patients and to bring innovation to rural communities. The conversation also covers Buffy’s deal sourcing through angel groups, health systems, and programs like Creative Destruction Lab, her focus across healthcare infrastructure, medtech, alternative care models, and life sciences, and her views on AI’s promise and risks, including data quality, privacy, and bias.00:00 Introduction00:20 Introduction01:24 Buffy's Journey: From Banking to Healthcare VC05:13 Founding Loud Ventures09:19 Why Traditional VC Fails Healthcare16:14 The Companies and Founders They Back17:59 AI in Healthcare: Opportunity and Risk22:50 Navigating Reimbursement and Regulation29:32 The Pacific Northwest Healthcare EcosystemAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Buffy Alegria, Loud Buffy is Managing Partner at LOUD Ventures, a healthcare-focused venture firm investing in companies that pair purpose with profit across alternative care models, MedTech, tech-enabled health, and biotech. A Pacific Northwest native based in Kirkland, Buffy built her career at the intersection of finance, healthcare, and venture, beginning in banking before moving into early-stage investing and co-founding SteelSky Ventures, the women's health fund that backed companies serving more than 44 million people during her tenure. Her healthcare grounding runs deep, including a graduate degree from Oregon Health and Science University and a former board seat with the Washington State Hospital Association. At LOUD, she leads a model that embeds operational depth and leadership directly into portfolio companies, working alongside clinicians, operators, and financial partners to move healthcare innovation from discovery to delivery faster, and to reshape what venture capital looks like for founders solving the system's hardest problems.Connect with Buffy:Loud: loudco.com/venturesLinkedIn: linkedin.com/in/buffy-alegria

This week Ed Barker talks to Jeff Walton, Chief Risk Officer at Strive, about the company's shift from anti-ESG activism to building a Bitcoin treasury aimed at institutional exposure. Walton's background in reinsurance positions him well to understand the changing Bitcoin landscape, and how others in the market are delivering Bitcoin-driven balance-sheet growth. The conversation covers Strive’s approach to managing Bitcoin volatility, the role of a perpetual preferred equity security instrument, and transparent, real-time performance data. The episode shifts to a discussion about regulation - headwinds like Basel III - and tailwinds in the Bitcoin market. We talk about the impact of BlackRock and bank-launched Bitcoin ETFs, the thesis that expanding money supply and debt support Bitcoin as a store of value, and AI-driven threats to corporate cash flows.00:00 Introduction to Jeff Walton, Chief Risk Officer, Strive10:00 Strive's Bitcoin Treasury Strategy10:32 Perpetual Preferred Equity Explained13:58 Strive's Evolution: From ESG Activism to Bitcoin19:01 The Regulatory and Policy Landscape22:22 Crypto's Credibility Problem and Institutional Adoption29:45 Corporate Treasury and Bitcoin as a Store of Value40:05 Jeff's Pacific Northwest Roots46:10 Strive's Market Position50:26 The Role of a Chief Risk OfficerAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Jeff Walton, Strive Jeff is Chief Risk Officer at Strive, the publicly traded Bitcoin treasury and asset management company, where he leads capital markets strategy and risk for one of the world's top ten corporate Bitcoin holders. He is also founder and CEO of True North, a Strive subsidiary and peer group focused on Bitcoin treasury adoption, structured credit, and collateralized finance, and host of the Hurdle Rate podcast. Before Strive, Jeff spent more than a decade in reinsurance and capital markets, building deep expertise in structured finance, risk transfer, and probabilistic risk analysis — a background he now applies to designing Bitcoin-backed credit instruments aimed at the $300T fixed income market. He holds a BA in Business and Economics from the University of Puget Sound.Connect with Jeff:Strive: strive.comLinkedIn: linkedin.com/in/jeff-walton-3b39683a

Ed Barker talks to Gabriel Scheer, Senior Director, Investments & Innovation at Elemental Impact.Elemental Impact is a nonprofit venture fund investing in companies with environmental and community impact. Gabriel’s path goes from startups like Lime to investing in climate impact.  The conversation covers Elemental’s donor-funded model, where exits are recycled into new investments and allow longer time horizons for hardware-heavy climate solutions. Beyond writing checks, Elemental runs strategy and project tracks, providing coaching and a community of 160+ portfolio companies.In a time of policy uncertainty in climate and AI-driven data center energy and cooling needs, can Elemental’s innovative financing model, such as the “Development SAFE,” change the investing model? And what role does Seattle’s under-marketed climate tech potential hold?00:00 Introduction01:40 Gabriel's Background08:10 What is Elemental Impact?13:31 Operating Model and Portfolio Support23:50 Tech, Policy and the Current Climate28:36 AI, Data Centers, and Innovation34:03 Seattle as a Climate Tech Hub37:45 The Future and Final ThoughtsAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Gabriel Scheer, Elemental ImpactGabriel is Senior Director of Investments and Innovation at Elemental Impact, a nonprofit climate tech investor with offices across the US. He leads the transportation, energy, built environment, and water portfolios, overseeing more than 75 companies and deploying $30M+ across 40 investments in companies including Dimensional Energy, Found Energy, and Forum Mobility. Before Elemental, Gabriel was on the founding team at Lime as its first government relations hire, founded two companies, and spent time at Frog Design and in microtransit and car sharing. A Seattle native, he has been recognized as one of the city's 100 most influential people and was a 2010 recipient of the Marshall Memorial Fellowship.Connect with Gabriel:Elemental Impact: elementalimpact.comLinkedIn: linkedin.com/in/gabrielscheer

Ed Barker talks to Laura Ruderman, CEO of the Technology Alliance, about Washington State's innovation economy. Ruderman's path to leading the Alliance is anything but straight: she moved to Seattle from New York in the early 90s to stage manager at the Rep, ended up at a small multimedia startup owned by Bill Gates, got swept into Microsoft through an acquisition, and then spent years in the state legislature before landing at the Alliance. The conversation covers a lot of ground – AI-driven workforce disruption, Washington's persistent gaps in postsecondary attainment, and what the state is missing: despite strong GDP growth, Washington has never had a real economic development plan.There's also a pointed discussion about companies quietly shifting jobs out of state – and what that means for the health of the broader ecosystem. Rudermann makes the case that Seattle's startup scene is genuinely underrated: faster to unicorn status than San Francisco or New York, with smaller median rounds and one of the highest unicorn retention rates in the country. The problem isn't the ecosystem. It's that nobody's shouting about it.00:00 Sound Investments00:59 Introduction & Welcome03:39 Laura's Career Journey09:16 From Microsoft to Politics13:50 Technology Alliance's Mission18:08 AI, Workforce & Education21:57 Washington State's Economic Future38:36 Startup EcosystemAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Laura Rudermann, Technology AllianceAs Chief Executive Officer of the Technology Alliance, Laura leads efforts to strengthen Washington’s innovation economy through cross-sector collaboration, workforce development, and research capacity building. Before joining the Technology Alliance in 2019, Laura served as Interim PAC Director for the Children’s Campaign Fund and represented the 45th District in the Washington State House of Representatives. During her legislative tenure, she was elected Vice Chair of her party’s caucus and served as Vice Chair of the Technology, Telecommunications, and Energy Committee. Her professional experience also includes leadership roles at Microsoft and extensive work as a fundraising professional for a wide range of nonprofit organizations.Connect with Laura:* Technology Alliance: technology-alliance.com

Ed Barker chats to Nicole Doyle, Seattle Director at the Founders Institute and founder of Aspir, about why Seattle needs more early-stage founder support. There's a deep-dive into FI’s non-equity model, its focus on true zero-to-one founders, and its three financial pathways. The conversation touches on agentic-AI imperatives, how AI impacts scaling, and the role Seattle plays in this new world.00:00 Introduction02:00 Nicole's Background & Journey04:47 What Is the Founders Institute?08:48 FI's Business Model & Warrant Structure15:26 Sell Before You Pitch Investors17:51 The End of Free Money & Startup Attrition28:09 Seattle's Startup Ecosystem: Strengths & Gaps36:47 Aspire: Nicole's Startup VisionAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Nicole Doyle, Founders InstituteNicole Doyle is the Seattle Director of the Founder Institute and founder of Aspir, an AI platform designed to help founders execute and launch startups faster. She spent more than a decade building teams and operations across major tech companies including Amazon Web Services, Meta Platforms, and Uber before moving into early-stage startups. Connect with Nicole:* Founders Institute: fi.co* Aspir: aspir.ai

Navigating Venture Capital, Media, and AIEd Barker sits down with Arif Gürsel, partner at Uncap Ventures, to discuss his journey from the world of Big Tech to VC. Arif shares his initial hesitance and subsequent embrace of the venture world, and the founding of Uncap Ventures and its mission to support startups with black founders. They dive into the importance of media and storytelling in entrepreneurship, the role of AI in the creative industries, and the challenges of driving investment into underserved communities.00:00 Introduction 00:22 Meet Arif Gursel: Background and Career Journey05:44 The Role of Uncap Ventures in Supporting Black Founders10:26 The Union: A Space for Innovation and Development15:05 The Importance of Storytelling in Entrepreneurship20:51 Navigating the Investment Landscape25:45 The Art of Raising Capital29:44 AI in the Creative Industry33:46 The Future of Work and AI43:02 Finding and Supporting Founders51:46 Final ThoughtsAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. Sound Investments shines a small light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Studio 1878Ed is Founder of Studio 1878, a podcast strategy and production studio focused on helping brands tell smarter, more human stories. We work with founders, operators, and marketing leaders to design shows that serve clear strategic goals. Studio 1878 handles the full process - from concept and positioning through recording, editing, and distribution. Our work blends editorial thinking with production craft, prioritizing substance over noise. The result is podcasts that build trust, credibility, and long-term brand value.Arif Gürsel, UnCap VenturesArif is a Seattle-based founder, investor, and ecosystem builder. He is a General Partner at UnCap Ventures, where he backs early-stage founders with a focus on access, conviction, and long-term company building. Arif previously worked across product, partnerships, and strategy at companies including Microsoft, Google, Netflix, and Salesforce. He is also the founder of The Union, a community space designed to bring founders, creatives, and operators together. Across investing and community work, Arif is known for his emphasis on founder support, ecosystem building, and expanding pathways to capital.Connect with Arif:* UnCap: uncap.vc* The Union: www.theunion.io

In this episode, Ed Barker talks with Anthony Herman, managing partner at Snowball, an innovation advisory firm specializing in corporate venture capital (CVC). The discussion highlights the dual roles of CVC employees, who balance traditional venture capital duties with corporate stakeholder engagement. Anthony shares his career journey, including his early work in private equity, founding a VR enterprise startup, and his experiences at Amazon Web Services and EQT. The episode delves into the inception and mission of Snowball, emphasizing the importance of having experienced practitioners to guide CVCs, governments, and family offices in innovation and investment strategy. They explore the common challenges CVCs face, the benefits and complexities of startup-corporate relationships, and the evolving landscape of corporate venture investing.00:00 Introduction05:17 Anthony's Journey08:31 Why Corporates Invest in Startups18:12 Working with CVCs: What Founders Need to Know23:57 CVC Market Trends29:41 Beyond Corporate: Government & Family Offices31:30 The Future of Corporate Innovation36:09 The Future of SnowballAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. He's now building a podcast production company, Studio 1878. Sound Investments is a modest attempt to shine some light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Anthony Herman, Snowball Innovation AdvisoryAnthony is Senior Advisor and Managing Partner at Snowball Innovation Advisory, where he helps organizations build and execute corporate innovation and venture strategies. He brings more than 15 years of experience as a startup founder, corporate executive, and venture capital investor - including early investments in companies like Oculus, Palantir, Addepar, and RelateIQ. Before Snowball, Anthony founded and exited his own tech startup and led startup & venture partnerships for Amazon Web Services in Northern Europe. His work bridges the gap between founders and large organizations looking to leverage corporate venture capital and strategic innovation.Connect with Anthony:* Snowball Innovation Advisory: www.snowballinnov.com* Anthony's LinkedIn: linkedin.com/in/anthonyherman

Perfecting Your Pitch: Insights from Dana Sather RobinsonIn this episode, Ed Barker is joined by Dana Sather Robinson, founder of Pitch4Impact, to discuss common mistakes founders make in their pitches and how to improve them. Dana emphasizes the importance of understanding what investors really want to hear and how to craft a compelling narrative. She highlights the significance of good communication skills in pitching and broader founder communication, including customer interactions, team building, and relationship management. Dana shares her journey and provides practical tips on structuring and refining pitches to captivate investors, emphasizing the value of practice, storyboarding, and preparation for Q&A sessions.To receive the download, “What Investors Really Want”, click here.00:00 Introducing Dana Sather Robinson02:42 Dana's Journey to Pitch Coaching05:35 Common Pitching Mistakes11:15 What Investors Really Want16:13 Storyboarding Your Pitch25:46 Communication as a Leadership Signal29:14 Mastering Q&A40:50 Building Investor RelationshipsAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. He's now building a podcast production company, Studio 1878. Sound Investments is a modest attempt to shine some light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Dana Sather Robinson, Pitch4ImpactAs an angel investor, Dana has evaluated hundreds of investor pitches and decks over the years. She knows what investors need to get from a pitch in order to want to go further. As a professional trainer with decades of experience in presentation skills training, she works with founders to improve their skills to create and deliver impactful pitches. The Pitch 4 Impact training program helps improve startup pitches and be able to adapt to different situations and investors.Connect with Dana:* Pitch4Impact: pitch4impact.com* Dana's LinkedIn: linkedin.com/in/dana-sather-robinson/* What Investors Really Want: preview.mailerlite.io/forms/804767/176514105053545618/share

Navigating the Climate Tech Investment LandscapeEd Barker sits down with Jeff Canin, an active member of E8 Angels, board member at Virtue Lab, and co-chair of the Clean Energy Institute Advisory Council at the University of Washington. Jeff shares his journey from engineering and business to becoming a leading figure in climate tech and clean tech investing.00:00 Introduction05:13 Mission in Climate Investing09:56 Cycles, Trends, and Opportunities14:20 Inside E8 Angels19:46 Investment Sectors26:32 The Local Ecosystem & Community31:17 Challenges, Policy, and the FutureAbout Your HostEd Barker has enjoyed a weird and varied career. Ed is a Brit now resident in Seattle and has founded three startups, enjoyed a long career in corporate strategy, and most recently as a VC. He's now building a podcast production company, Studio 1878. Sound Investments is a modest attempt to shine some light on the fantastic work being done in the Pacific Northwest entrepreneurial community.Jeff Canin, E8 AngelsJeff is an active investment member at E8 Angels, one of North America’s most active cleantech angel networks, and a long-time leader in climate and clean energy investing. He began his career in engineering, economics, and technology markets before moving into sell-side equity research and venture capital, including time at US Venture Partners. Jeff later focused on university technology commercialization, working closely with the University of Washington and Oregon State University. He is a former board member of VertueLab and serves as co-chair of the Clean Energy Institute Advisory Council. Across investing, advisory roles, and nonprofit work, Jeff is driven by a double bottom line approach, backing companies that combine strong commercial potential with meaningful climate impact. Connect with Jeff Canin:* E8 Angels: https://www.e8angels.com/* Virtue Lab: https://www.virtuelab.org/* Clean Energy Institute: https://www.cei.washington.edu/