Time and Time Again
Time is the Greatest Asset
"Time is on my side"
- Jerry Ragovoy, before the Rolling Stones
We certainly learned the value of time in the past month at Vestigo as well as the value of focus. We held our Limited Partners meeting right in the middle of Boston FinTech week. It was a lesson in dividing and conquering for the team. We needed to be well prepared for our LPs as well as our FinTech week session we held with Glasswing.
We also had many of our amazing CEOs in town for both events. What may stand out as one of the best events of the year was our dinner with them the night before the LP meeting where we shared a lot of insights and more laughter.
Our session was well attended and allowed us to build on a great relationship with Worcester Polytechnic Institute (WPI). They allowed us to use their spectacular innovation center in the Seaport, where over 75 people gathered for our talk.
Several of our CEOs spoke on the panel to share their insights on the changing environment of consumer behavior in the context of early-stage startups. Ian, Mike, and Mark participated in panels or lead them. The scarcest commodity is time with our LPs. We appreciate so many attending and asking great questions. LPs heard stories about each of our companies in addition to a series of panel discussions with the CEOs who joined the Vestigo portfolio in the past year.
Dave and Mark discussed new technologies that are driving FinTech. You will want to hear Dave’s interview in this newsletter to get a flavor for it. We focused and we succeeded to accomplish a great deal in the past month. Time is on our side, after all.
—Dave & Mark
Envisions Interview
Time and Time Again
w/ Dave Blundin, General Partner at Vestigo Ventures
Before the A
We thought it would be fun to find out what happens when you invite a renowned podcaster in FinTech to our AGM this year. John Siracusa did a wonderful job, interviewing several of our portfolio company leaders. Here is the link to Mark's appearance on "Before the A." Check out both of John's FinTech podcasts "Before the A" and "Bank on It" to hear interviews with Cushion, Long Game, Jobble, ZenLedger, Micronotes, Vault, Alloy, FRST, and LifeYield!
FinTech Week and Venture Funds
Vestigo has proudly supported Boston FinTech Week since its inception. We're about the same age and remember when FinTech Week was just a couple events and a few hundred attendees. As Vestigo has matured, it has been delightful to watch the event grow to something truly international with hundreds of speakers and over 4,000 attendees.
This year we teamed up with our friends at Glasswing Ventures to put on an event called "FinTech and the Intelligent Enterprise." Our panelists included CEOs from both VC portfolios and were moderated by leaders from Vestigo and Glasswing. It was a terrific event which I hope some of you were able to enjoy this us. Just like last year, we are extremely grateful to our friends from WPI for letting us use their amazing space in the Boston Seaport!
Portfolio Updates
Alloy: The Rising Star
Vestigo isn’t the only group recognizing the value in Alloy. Recently, Alloy received the distinct honor of being named to Forbes’ 20 Rising Stars List for their Cloud 100 index. The cloud 100 index tracks the top 100 private-cloud companies in the world. Read Alloy’s release to see the list and get more information on it.
Edwina Johnson
2020 Loan Forgiveness in Politics
Politicians are deploying their political capital to address the aptly named student loan crisis. Specifically; Elizabeth Warren, Bernie Sanders, and Julian Castro (all Democrat 2020 hopefuls) are proposing loan forgiveness in one capacity or another to address the problem. If loan forgiveness becomes policy, what implications would that have for Vault? There are several nuances, read about them all here.
Vault Benefits
Vestmark Receives Trading System Patent
Vestmark has certainly been busy. They haven’t stopped innovating, adding a new tool for their flagship VestmarkONE service. U.S. patent no.10176523 was awarded to Vestmark for pioneering new investing technologies that regularly rotate first-trade privilege across managed portfolios, automatically route trades to correct desks, and perform several other functions. Read their press-release for a detailed breakdown of the new technology.
Interesting Reads
Trevor Dryer
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Brady Dale
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