Decoding VC Collective: Impact on VC Landscape

In today's episode Jon and Peter talk about the effect of VC Collective on VC Landscape

• What is a VC collective?
• Examples:
  • Curql Collective - Met Nick Evens at Fintech MeetUp
    • $90 million in capital deployed
    • Reach over 100 Credit Unions, Credit Union Service Organizations, and League limited partners
  • Black Dragon Capital with Benson Porter & Louis Hernandez Jr.
    • $80M USD assets under current management
    • Partners come from -
    • Former CEO of Credit Union National Association
    • Former CEO of Boeing Employees’ Credit Union
    • Black Dragon is launching a credit union and CUSO (credit union service organization - credit union owned) LP fund….a credit union LP fund
  • Chase and Wells Fargo have their own venture arms. How are collectives formed by smaller banks and credit unions changing the VC space?
• If VC Collectives have strong ties, how does this affect traditional VCs?
• Is co-investing between traditional VCs and collectives important?
• What industries are forming their own VC Collectives?
• Sources
  • https://www.curql.com/
  • https://www.prnewswire.com/news-releases/black-dragon-capital-names-benson-porter-former-ceo-of-becu-and-first-tech-credit-union-as-executive-advisor-to-focus-on-technology-investing-that-benefits-credit-unions-301750829.html
  • https://www.americanbanker.com/list/6-venture-funds-connecting-banks-and-credit-unions-with-fintechs

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A podcast about venture capital, and what is happening each week. We discuss who is getting funded. Why specific companies were funded and much more relating to who the next big unicorn will be.