Why We Invested in Ethos
Talks about Ethos, AI in financial services and model compliance
BTV is a seed stage venture fund focused on building the future of fintech by leading seed and pre-seed rounds of fintech and fintech-adjacent companies.
Better Tomorrow Ventures (BTV) is an early stage fintech focused fund that leads rounds in pre-seed and seed-stage companies.
Unit helps tech companies build financial features into their products.
Raised $169,600,000.00 from Aleph, Karman Ventures (fka Moving Capital), Flourish Ventures, StepStone Group, Better Tomorrow Ventures, Insight Partners and Accel.
Coast is a financial services platform that provides fleet fuel cards and expense management solutions for various industries.
Raised $165,500,000.00 from ICONIQ Growth, Accel, Avid Ventures, Insight Partners, Thomvest Ventures and Vesey Ventures.
I run a fund called 500 Fintech and invest in technology businesses that impact the financial world. The fund invests globally and was originally set up with my own capital, but now includes outside capital. We are typically but not always the first investors in our companies, and we help with capital but also connections and strategy. I've led investments (generally as the first institutional capital in) in Albert, Kin, Indio (acquired), ChipperCash, YayPay (acquired), Jones, Ethic, PeopleFund and some others. I try not to do boards, but sometimes I end up doing so anyway, as is the case in Albert, Kin, Jones, and Smile Identity.
The podcast where founders pitch investors. I started it in 2015 due to what I thought was a gap in the podcasting world. It worked really well and 100s of thousands of listeners from around the world tune in to hear what we think about startups. After we got acquired by Gimlet (and then Spotify) and moved the studio out of my office, I don't participate in all of the recordings. The podcast does well over $1m in ad revenue a year. https://gimletmedia.com/shows/the-pitch
Podcast where real entrepreneurs pitch to real investors—for real money.
deals as a personal angel. Luckiest ones are Flexport, Ironclad, Ethos Insurance, ApartmentList. Most of them were at the seed stage. https://angel.co/sheel/
Thistle is a healthy food company, with a mission to provide access to delicious sustainable nutrition for all. We started the company because we found ourselves choosing convenience over health (in our previous banker, consultant, lawyer incarnations) and wanted to provide a sustainable healthy alternative, and didn't think the existing companies had solid business models. We were right about the other food companies, as most of them went out of business. Although I'm not involved in the business on a day-to-day basis, I still serve as a very active advisor. We're growing fast (#495 on the Inc5000 list!) and hiring for lots of positions! (front of the house, back of the house, technical, operations, etc).
Thistle is a food and juice company that delivers fully-prepared, plant-forward meals to the doorsteps of its customers.
Raised $16,950,000.00 from GroundForce Capital, Alumni Ventures, Siddhi Capital, Rich Products Ventures and Studio Management.
Taught "Creating and Financing Technology Ventures" Evaluated 4.85/5 by students Stopped teaching after one semester because it was interfering with my work/travel too much, though I enjoyed it immensely and am still in touch with students many years later.
Catalyst Fund addresses a common problem for frontier market early-stage fintech startups: they have a hard time securing the capital and expertise needed to complete and test their products. This throttles innovation and limits the impact from new approaches. In 2016, Catalyst Fund started deploying grant capital from the Gates Foundation and JP Morgan Chase alongside of tailored advisory services to about 20 startup enterprises globally.
Co-founded an auction company with GMV in the 100's of millions USD. Innovative Auctions Limited (IAL) is one of the worlds leading providers of services for high-stakes auctions for telecommunications spectrum, natural resources, electricity, and top-level domains. Our team includes economists, software engineers, auction managers, an in-house lawyer specialized in auctions, and quality assurance experts. Our exceptionally deep understanding of high stakes auctions results from projects with government regulators, bidders in spectrum auctions, non-governmental organizations, consulting firms, and economists in academia.
Talks about Ethos, AI in financial services and model compliance
Talks about investment in Salsa, payroll-as-a-service and Better Tomorrow Ventures
Talks about investment in Trébol, business verification in Latin America and automation of business identity verification