Decoding VC Collective: Impact on VC Landscape

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
  • https://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.html
  • https://www.americanbanker.com/list/6-venture-funds-connecting-banks-and-credit-unions-with-fintechs

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