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.
On this week's episode of the LA Venture podcast, hear from Lightspeed Ventures' partner Nicole Quinn. The iconic Silicon Valley fund has $10 billion in assets under management. Quinn focuses on early-stage consumer internet and fintech companies, with a portfolio that includes Calm, Goop, Lady Gaga's House, Rothy's, Zola and Girl Boss.
Quinn says "you can't be called Lightspeed and move slowly" and explains how they can get a term sheet done in two to three days. She also shares lots of insights on building an enduring brand that are applicable whether you're in the consumer space or creating an insurance company.
<p>Key Takeaways:</p><ul class="ee-ul"><li>Lightspeed is laser focused on the consumer and startups.</li><li>When Nicole goes to her team for an investment recommendation about a company, she tends to have more conviction around the companies that get high and low scores (1s and 10s), opposed to middle scores (5s and 6s).</li><li>Metrics Lightspeed looks at to determiner year=-over-year growth include Seed: between three and five X, series A: three X and series B: two to three X. </li></ul><blockquote><strong></strong>"I think the rise of 'no code' [has] really only just begun." —Nicole Quinn<em></em></blockquote><blockquote><strong></strong>"We have two ears and one mouth, and we should be using them in that proportion." — Nicole Quinn<em></em></blockquote><p><strong>Nicole Quinn</strong> is a partner and Lightspeed Ventures. She spent eight years on the equity sales and research side of Morgan Stanley. There, she worked on IPOs for companies including Facebook, Groupon and Pandora. She earned a BSc in math and economics from York University in England, and an MBA from Stanford.<br></p><p><em>Want to hear more of L.A. Venture? Listen on <a href="https://podcasts.apple.com/us/podcast/la-venture-venture-capital-vc/id1471701230" target="_blank">Apple Podcasts</a>, <a href="https://www.stitcher.com/podcast/la-venture" target="_blank">Stitcher</a>, <a href="https://open.spotify.com/show/2syPj1jttbIHjHIEwSrApH" target="_blank">Spotify</a> or wherever you get your podcasts.</em><br></p>
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Vamos Ventures' Marcos Gonzalez on Investing in Latino and Under-represented Founders in LA
Nov 25 2020
On this week's episode of LA Venture, hear from Marcos Gonzalez, the managing partner at Vamos Ventures, a seed-stage venture fund which invests in Latino and diverse founders. Over half of L.A. County is Latino. A relatively new fund, investments are in the range of $100,000 to $500,000. Seems like a great time to be investing in this community! And, Vamos is hiring...
<p>Key Takeaways:</p><ul class="ee-ul"><li>Each month, 80,000 Latinos turn 18, which is driven by 92% domestic growth -- not due to immigration. Vamos Ventures is looking at opportunities within that demographic, with a special interest in consumer packaged goods as well as financial services, health and wellness, retail broadly and media.<em> </em></li><li>Venture capital versus private equity can lead to investors getting carried away with the latest fad idea. VC that focuses on early-stage companies can learn from private equity to be more circumspect and carefully evaluate the young company at hand.</li><li>Vamos Ventures says "no" to prospects with a thoughtful four-prong approach. Ultimately, the door is always open.</li></ul><em></em><p class="pull-quote">Every year the number of Hispanics receiving STEM related degrees is doubling. A lot of these young folks with STEM degrees are going to be getting into the engineering world and innovation and entrepreneurial world. That's a great indicator of future.<i></i></p><p>— Marcos C. Gonzalez</p><p><strong>Marcos C. Gonzalez </strong>is founder and managing partner of Vamos Ventures. Marcos is a private equity, venture and angel investor, who has invested in the U.S. and abroad. In between investment funds, Marcos co-founded a tech company in Boston during the first internet wave of the 90s. Before tech entrepreneurship and investing, Marcos worked for the Boston Consulting Group. Marcos graduated from Brown and Harvard Business School.</p><p><em>Want to hear more of L.A. Venture? Listen on <a href="https://podcasts.apple.com/us/podcast/la-venture-venture-capital-vc/id1471701230" target="_blank">Apple Podcasts</a>, <a href="https://www.stitcher.com/podcast/la-venture" target="_blank">Stitcher</a>, <a href="https://open.spotify.com/show/2syPj1jttbIHjHIEwSrApH" target="_blank">Spotify</a> or wherever you get your podcasts.</em></p>
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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.
<p>Key Takeaways:</p><ul class="ee-ul"><li>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. </li><li>By shifting from a cash-based economy to a digital economy, many bank fees can be eliminated, Schütte says..</li><li>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%. </li></ul><p>Microlending doesn't work in the U.S. because </p><blockquote><span></span>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.<br><br>I feel like technology and private markets in long form are a march towards liberty and a march towards emancipation.<br><br><span></span></blockquote><p>— Arjan Schütte</p><p><strong>Arjan Schütte</strong> 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.</p><p><em>Want to hear more of L.A. Venture? Listen on <a href="https://podcasts.apple.com/us/podcast/la-venture-venture-capital-vc/id1471701230" target="_blank">Apple Podcasts</a>, <a href="https://www.stitcher.com/podcast/la-venture" target="_blank">Stitcher</a>, <a href="https://open.spotify.com/show/2syPj1jttbIHjHIEwSrApH" target="_blank">Spotify</a> or wherever you get your podcasts.</em></p>
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