LA Venture: Serial Entrepreneur Jessica Jackley on Pursuing a Goal: 'Just Take More Steps Anyway'

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Jessica Jackley

On this episode of the LA Venture podcast, Untapped Capital, Alltruists and Kiva founder Jessica Jackley talks about her experience supporting entrepreneurs across the world, and offers advice to founders on what to do when encountering doubt -- from themselves or others.

"The pursuit of an opportunity, a vision, like an imaginary world that you want to make real. You're running after this thing, you're pursuing it without regard to what you have in front of you," she said. "So there's always going to be something wrong."


Jackley's journey as an entrepreneur started when she founded Kiva, a nonprofit that lends money to low-income entrepreneurs. She started the company and moved to East Africa where she heard stories of people starting businesses with just $100.

"I wasn't asked to swoop in and help or save. I was asked strategic questions about where they could access loan capital, where they could access business training," said Jackley. She added that the individuals she met through the service didn't want handouts.

Kiva offered $200, $300 loans at no interest. That model helped build successful small businesses. Every year, they saw a raise on how many loans they could offer. The company has so far facilitated $1.5 billion in loans since the business started in 2005.

More recently, Jackley founded Untapped Capital and Alltruists. Untapped gave her opportunities to invest in unexpected companies and watch them rise, much like Kiva. Alltruists was born out of the pandemic.

"I really wanted to figure out a way, especially as we were on lockdown, like how do we not just have our lives be waiting for the doorbell to ring and another package is dropped off and we just consume it, right? What, what would it look like to reach back out into the world in a way that is helpful," said Jackley.

She created a box subscription service that provides kids with activities that can benefit them and the world. The company's last box focused on making a pollinator hotel for bees.

From her ventures, Jackley recognized when pursuing your dreams, something will always go wrong.

"There's going to be days when you are told, or you're telling yourself, 'well, I'm not old enough', 'I'm too old'. 'I don't have enough experience'. 'I have the wrong experience', whatever," said Jackley. "Just take more steps anyway towards that thing. Cause that's what great entrepreneurs do."

Hear more of the episode, in which Jackley talks about her goal to disrupt the volunteer economy and more.

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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

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When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

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Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Liquid Death May Just Be The 'Fastest Growing Non-Alcoholic Beverage Of All Time'
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When Santa Monica-based Liquid Death launched with funding from neighboring venture capital firm Science Inc. in 2018, the Los Angeles startup world – and everyone else – had nothing but jokes. But with the company’s latest $700 million valuation, it appears the joke is on the rest of us.

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