The new venture firm, Flourish, from The Omidyar Network is launching to investing in startups whose innovations are helping people take advantage of economic opportunity and achieve financial health; the fund is launching with an existing $200mn of portfolio companies and plans to invest $300mn more in the next 5 years; Tilman Ehrbeck, Managing Partner of Flourish, sat with American Banker to discuss the new venture; the interview covers the purpose separating the fund from Omidyar and their view on what the world could look like; they also talked about their hopes of seeing successful exits and impact from their investments, the fund structure being an evergreen fund with permanent capital and more. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.