CircleUp

“The average company is growing at more than a hundred percent per year since raising on CircleUp, or the unrealized average IRR on CircleUp is over 50%, five zero.”

“And raised our seed round, which Maveron and Clayton Christensen wrote the book called the innovators dilemma through his hedge fund, Rose Park. They led that back in in 2012. That was a very hard round for us to raise, to be frank with you. And I think we wen…”

“Our view is that it won't be it won't have a major impact, and we believe it will not have a major impact in part because of the costs to the companies.”

“Union Square had said very energetically that they would never invest into an online equity investing platform. And they met us, and they changed the Their view because they realized that we were filling a need”

“In 2012 when we first started the average check on circle up was 12,000 dollars and it was all from individual investors accredited investors in 2015 the average individual check was over a 100,000 dollars into a single deal on circle up and half the capital c…”

“Everyone in the company has complete access to all the metrics. We present the board deck every 60 days, completely unedited.”

“We have made investments in other sectors where we believe the answer to that question may be yes. We've done that in consumer products with CircleUp. We've done it in quantitative hedge type financing with Numeri.”

“We think it's a different model, candidly. We think it's a model of developing systematic approach to private investing. So if you're familiar at all in the public markets with AQR, Two Sigma, Renaissance Technologies, any of the public quant funds, We think t…”

“From tech VC firms, and we're seeing, you know, the mayonnaise company with a nine hundred million dollar valuation and fifteen million dollars revenue. That math doesn't make any sense. It's offensive. They're not going to have a successful exit. They will ha…”

“I tend to find the concept of, oh, that person's just not a cultural fit to be a really bad estimate of whether or not that'll be successful.”

“In consumer, you need to find a way to deploy one to five million dollars into each of a lot of companies. That's the answer. You can't be looking to invest in 50, seventy-five million dollars into an early stage consumer product company, you're going to get j…”