Ryan Falvey, co-founder of Restive Ventures, reflects on portfolio company Dave.com's turnaround after completing a de-SPAC transaction.
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“And I think that if that company hadn't gone public, I don't think it'd be as strong a position it is now. I think it brought a lot of discipline to it.”
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More from Ryan Falvey
AssertionNot checkable as stated
Restive's post-2023 portfolio outperforms its entire COVID-era investments combined
“We look at every company in the portfolio that was started after January first, 2023, they make more money now and are growing faster and we have less dilution in those positions than Everything we did in COVID combined.”
Ryan FalveyJun 30, 2025▶ 19:14Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
Insight
Falvey: Early fintech startups need industry connections more than capital
“These companies didn't say they need capital as much as they needed connections and insight. And so if we could bring that, that could have a real big impact on the company.”
Ryan FalveyJun 30, 2025▶ 6:51Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
Opinion
Falvey argues an $8 billion venture fund probably cannot return 10X
“Do I think that you can 10 X and eight billion dollar fund? No, probably not.”
Ryan FalveyJun 30, 2025▶ 22:10Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
PredictionNot checkable as stated
Falvey: Upcoming Vintages Will Yield High-Performing Early-Stage and Poor Multi-Stage Funds
“My instinct is that, you know, we're going to probably have a couple of vintages where we get some really high performing early stage funds and some really poor performing multi-stage funds”
Ryan FalveyJun 30, 2025▶ 23:27Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
Disclosure
Restive Ventures rejects fintech startups whose first target client is JPMorgan
“If we, yeah, if we met a startup and their first, they were saying their first client was going to be, you know, JP Morgan, I doubt we would invest in that company.”
Ryan FalveyJun 30, 2025▶ 10:15Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
PredictionNot checkable as stated
Falvey: Fintech IPO Volume Will Rebound to Historic Averages
“I think fintech's a source of, you know, pretty persistent source of IPOs. I mean, historically, you know, we get four or five IPOs a year in fintech. We actually had a couple of few last year, and the only ones people are talking about this year are fintech c…”
Ryan FalveyJun 30, 2025▶ 25:28Early-Stage FinTech Investing: Unpacking Speed, Technical DNA & AI’s Transformative Power
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