LA Venture: Meet Watertower Ventures' Jeremy Milken

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+, 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.
Watertower Ventures' Jeremy Milken

This week, I sat down with Jeremy Milken, a partner at Watertower Ventures. Jeremy doesn't grant many interviews, so it was great to get to know him better on this episode of the L.A. Venture podcast.

Watertower Ventures is a well established seed-stage investment firm that invests in industries with shifting paradigms, particularly in consumer, SaaS enterprise, fintech, real estate tech, media and gaming industries. It just started investing out of its new $50 million Fund II.

Jeremy focuses on SaaS enterprises, and is a six-time founder with four successful exits. His most recent company is WorkSpace, which streamlined operations and asset management for businesses, and which he funded through bootstrapping.

He sold the company in 2019 and joined Watertower, where he works closely with his good friend Derek Norton, Watertower founder, who brought him onto the team.

Jeremy and I discussed how he understands the interplay between venture capital and private equity as it applies to his family's business, The Milken Institute, which will be hosting its annual global conference in October.

We also talked about his entrepreneurial journey, the ups and downs he's faced as a founder on the road to Watertower and why it's best for him to not work with the Milken Institute, instead pursuing his own interests.

Jeremy and I also discussed his business insights as an investor, his perspective on the future of venture capital, his wife's podcast "Flexible Neurotic" and his amateur jazz piano skills.

Jeremy Milken is a general partner at Watertower Ventures.

"I mean, I could sit here in this room and try and convince you how smart I am and everything, but I don't know anything. Okay. I don't know anything more than anybody else. And I think it's an important lesson, right?" — Jeremy Milken

dot.LA Engagement Intern Colleen Tufts contributed to this post.

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

Correction: An earlier version of this post introduced Jeremy Milken as a partner at WatchTower Ventures. He is a partner at Watertower ventures.

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Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors
Photo by Red Zeppelin on Unsplash

The Inflation Reduction Act contains almost $400 billion in funding for clean energy initiatives. There’s $250 billion for energy projects. $23 billion for transportation and EVs. $46 billion for environment. $21 billion for agriculture, and so on. With so much cash flowing into the sector, the possibilities for investment and growth are gigantic.

These investment opportunities, however, have typically been inaccessible for everyday retail investors until much later in a company’s development–after an IPO, usually. Meaning that the best returns are likely to be captured by banks and other institutions who have the capital and financing to invest large sums of money earlier in the process.

That’s where Pasadena-based Energy Shares comes in. The company wants to help democratize access to these investment opportunities and simultaneously give early-stage utility-scale energy projects another revenue stream.

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How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success

Aisha Counts
Aisha Counts is a business reporter covering the technology industry. She has written extensively about tech giants, emerging technologies, startups and venture capital. Before becoming a journalist she spent several years as a management consultant at Ernst & Young.
How These Ukranian Entrepreneurs Relocated Their Startups to LA and Found Success
Joey Mota

Fleeing war and chasing new opportunities, more than a dozen Ukrainian entrepreneurs have landed in Los Angeles, finding an unexpected community in the city of dreams. These entrepreneurs have started companies that are collectively worth more than $300 million, in industries ranging from electric vehicle charging stations to audience monetization platforms to social networks.

Dot.LA spent an evening with this group of Ukrainian citizens, learning what it was like to build startups in Ukraine, to cope with the unimaginable fear of fleeing war, and to garner the resilience to rebuild.

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