LA Venture Podcast: ​Arjan Schütte Of Core Innovation Capital

On this week's episode of LA Venture, I had a great conversation with Arjan Schütte, the founder and a managing partner of Core Innovation Capital, a leading fintech fund all about democratizing prosperity. So far they have invested in Ripple, NerdWallet, Synapse, Fundera and more.


Key Takeaways:

  • There are many different kinds of mission-driven fintech companies trying to create upward mobility that are chipping away at the problem of economic inequality. But it's a big problem, and Schütte says there's policy that needs to be in place to make faster progress.
  • By shifting from a cash-based economy to a digital economy, many bank fees can be eliminated, Schütte says..
  • It's an unfair burden, Schütte says, that tens of millions of people move from poor to rich countries and every year send back tens of billions of dollars at the cost of somewhere between 10% and 20%.

Microlending doesn't work in the U.S. because

What people don't realize is that the amount of cash in circulation is so high that even if it continues to erode at the rate that it has for the last 20, 30 years, it will be a prevalent form of payment for another two hundred years.

I feel like technology and private markets in long form are a march towards liberty and a march towards emancipation.

— Arjan Schütte

Arjan Schütte is the founder and a managing partner of Core Innovation Capital, a leading venture capital fund investing in financial services companies that empower everyday Americans. He was previously a senior manager at the Center for Financial Services Innovation from its inception until Core was launched in 2011.

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

Subscribe to our newsletter to catch every headline.

The legendary broadcaster Larry King died Saturday in Los Angeles at 87 after being hospitalized for COVID-19. He may best be remembered as the longtime host of CNN who interviewed the most notable personalities of the 20th century, including Vladimir Putin and Frank Sinatra, but he also worked tirelessly to build a bridge for the next generation.

Read more Show less

The largest property technology or "proptech" venture firm Fifth Wall is joining the SPAC boom.

In a filing with the Securities and Exchange Comission this week, the firm said its creating a special acquisition company (SPAC) and intends to raise up to $287 million by selling 28.75 million shares at $10 a piece to seek out opportunities in real estate tech.

Read more Show less

Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.

The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.

Read more Show less
RELATEDEDITOR'S PICKS

Trending