Decoding VC Collective: Impact on VC Landscape

Episode 57 of the Venture Capital podcast, hosted by Jon Bradshaw, Peter Harris, titled "Decoding VC Collective: Impact on VC Landscape" was published on July 6, 2023 and runs 14 minutes.

July 6, 2023 ·14m · Venture Capital

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Summary

In today's episode Jon and Peter talk about the effect of VC Collective on VC LandscapeWhat is a VC collective?Examples:Curql Collective - Met Nick Evens at Fintech MeetUp$90 million in capital deployedReach over 100 Credit Unions, Credit Union Service Organizations, and League limited partnersBlack Dragon Capital with Benson Porter & Louis Hernandez Jr.$80M USD assets under current managementPartners come from -Former CEO of Credit Union National AssociationFormer CEO of Boeing Employees’ Credit UnionBlack Dragon is launching a credit union and CUSO (credit union service organization - credit union owned) LP fund….a credit union LP fundChase 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?Sourceshttps://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.htmlhttps://www.americanbanker.com/list/6-venture-funds-connecting-banks-and-credit-unions-with-fintechsWhats is your take? We read and respond to all of our comments and messages on Instagram, and LinkedIn. Come find us and join the conversation.Follow Peter HarrisTwitter: https://twitter.com/thevcstudentLinkedIn: https://www.linkedin.com/in/peterharris1Instagram: https://instagram.com/shodanpeteYoutube: https://youtu.be/Hy9DsuFzTH4Follow Jon BradshawLinkedIn: https://www.linkedin.com/in/mrbradshaw/Instagram: https://www.instagram.com/mrjonbradshaw/

Episode Description

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