Letter from the Editor โ๐ฝ
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This past year, weโve seen amazing startups emerge in the financial technology sector - namely, Coinbase, Robinhood, Public, and more. The problem many investors face today is, โHow do I manage all this?โ This weeks startup, Vise, is the future of investment management. Letโs check them out!
โพ The Elevator Pitch:
Vise launched in November 2019 from the belief that humans, who are armed with the right technology, are more than adept at handling their own financial affairs. Bolstered by this, Vise built tools and services that support the entire lifecycle of the client-advisor relationship via artificial intelligence powered automation. Their algorithms do a multitude of things from creating tailored portfolios, hedging against market turbulence, and uncovering a variety of investment options. All of these tools, in conjunction, make for a powerful and clean one-stop interface that makes any retail investor as capable at investing as a trained professional.
Since its inception, Vise has already signed up many notable firms to their platform like Barber Financial Group, Hexagon Capital Partners, and Aurelien Capital Partners. Theyโve been growing rapidly in the past year - from 6 to 100 employees and are continuing, rapidly, on their journey to create financial freedom.
๐ The Drop Down
Site: https://vise.com/
Founded: 2019
Trend: Fintech
Traction: Quadrupled Customer Base, Recently raised Series C and valued at $1 Bil, Funded by Ribbit Capital & Sequoia Capital
Team: Over 20 years of experience and innovation in the tequila industry
Samir Vasavada - CEO & Co-Founder
Runik Mehrotra - Chief Investment Officer & Co-Founder
๐ Why we like it
๐ Clean Consolidation is King
There are many platforms that exist nowadays that help retail investors invest - from Masterworks for art, Robinhood for stocks, Coinbase for crypto, and more. The problem is, itโs hard to keep track of opportunities across dozens of platforms, and also difficult to keep track of portfolio performance over all these platforms. Having tons of options is powerful, but can also be overwhelming. Vise makes it easy for people to easily keep track of their options, investments, and make educated & data-driven decisions to manage their money.๐ Clean User Interface
Considering how powerful Vise is, itโs amazing to us how clean their end-interface is for their users. Every investment can be back-traced to an informed paragraph explaining why the investment was made. Balanced portfolios are auto-generated based on risk profiles, restrictions, and asset classes. Additionally, they take personalization during onboarding to a whole new level by collecting information regarding investment horizons, portfolio targets, and more. We think Vise took a once-complicated process and synthesized it into something any investor can easily understand. This ultimately reduces the barrier to entry and makes financial freedom a reality for the masses.
๐ค Get involved with Vise
๐ On Deck OD50 - Land your next role at a breakout startup
If youโre looking to be intentional about the next phase of your career journey, check out the On Deck First 50 Fellowship (OD50). Itโs an 8 week virtual program for operators who want to find their next roles at breakout startups, surrounded by a community of incredible peers.
Whether you are a startup veteran or a seasoned professional, the OD50 community helps you navigate the early-stage startup ecosystem, decide on the right organizations to work with, and land your dream job.ย
Have high growth startups pitch to you at Talent Demo Days, join deep dive sessions with actionable advice, and form the right connections at the right time.
Mention Daily Dropout in your application for an expedited review for our next cohort kickoff in December!