Our team, Oculus-ing.
Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world-changing companies.
Our team, Oculus-ing.
I would like to extend a big hug and a huge congratulations to the Oculus team. A few moments ago Facebook announced that they have agreed to acquire the company. The Oculus team will now continue their vision of bringing true virtual reality to the masses under the FB umbrella. Given the…
I’m very excited to join Spark Capital! I’m joining the investment team as an Associate based in the Boston office.
I’ve advised friends on their startup ideas in the past, and I have also toyed around with a few different ideas of my own over the years. I can’t keep track of the number of…
And…in Katie’s own words.
I first met Katie Bolin about a year and a half ago. One of our portfolio companies at Spark was actively recruiting her for an analytical role, and unfortunately in the end, lost out to Google in pulling her onboard. My colleague Alex was incredibly impressed with her in the process of helping…
Very excited to have Katie on board!
I was sitting at The Creamery coffee shop a couple months ago with a friend, who without much segueway started raving about a local company called The Juice Shop. “Have you tried their A+ Deep Green juice? Life changing!” I was of course open to try it but their nearest location was in Cow Hollow,…
Dinner tastes better when it’s delivered by Postmates. Welcome aboard the Spark Capital portfolio!
It was a night for the ages. At the 7th Annual Crunchies Award show, Kickstarter beat out CloudFlare, Snapchat, Twitter and Uber, and walked away with the..
Excited for the Spark Capital folks who were recognized at the Crunchies!
Best E-Commerce Application Nominee: warbyparker
Fastest Rising Startup Winner: upworthy
Best Hardware Startup Winner: Oculus VR
VC of the Year Runner-up: @bijan
Founder of the Year Nominee: @david
CEO of the Year Winner: Dick Costolo
Best Overall Startup of 2013 Nominee: Twitter
Proud call you all friends, colleagues, & family!
This post has been republished from the covestor Smarter Investing blog.
Online investment advisers like Covestor have the ability to make a significant impact on the wealth management industry as we know it.
Even before the financial crisis laid bare the shortcomings of the investment management business, I believed the industry was broken.
Wealth management is opaque and institutionalized. It’s a have and have-not type of industry. If you’re rich, you can get access to the best investment managers. If not, good luck.
In the aftermath of the 2008 crisis, the government has stepped up its regulation of the industry in an effort to protect the little guy from unscrupulous managers and unduly risky investment strategies. Yet the end result may actually discriminate against smaller investors by discouraging innovation. Hopefully these new rules will not prevent smaller investors from getting access to the best alpha-generating managers, and obtaining incremental outperformance.
As a general partner of Spark Capital and an investor in Covestor, I see Covestor as giving investors, large and small, the opportunity for self-direction, managing risk and achieving their goals. Investors can build a portfolio of investment managers and diversify accordingly. The Covestor platform allows an investor to invest alongside emerging managers who can potentially outperform the market.
The platform also allows investors to discover managers they might not otherwise know or find. There are outperforming managers who are not necessarily good at marketing themselves or reaching out directly to clients, but who are good at making sound investment decisions.
Covestor provides unprecedented transparency — investors can monitor their managers’ performance, and receive updates on how their managers are investing and currently view the market. Investors with small accounts get the opportunity to gain access to managers who can help them meet their financial goals. They don’t have to have millions of dollars to invest.
As an online marketplace, Covestor is able to feature strategies compatible with many objectives, including generating income, growing capital or maximizing performance. The portfolios are listed on the marketplace and the process for comparison shopping is very simple — and the company is becoming better and better at enabling clients to make informed decisions.
In addition to well-established managers, Covestor gives aspiring investment managers a platform to become a professional manager, and investors can find a manager with demonstrated performance or running a strategy compatible to their financial goals.
I want to help transform the investment management business. Covestor is making this happen one step at time.
Todd Dagres is a founder and general partner of Spark Capital and has led Spark’s investment in Covestor and is on the company’s board of directors. Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world-changing companies. Founded in 2005, Spark Capital has offices in Boston, New York, and San Francisco.
DISCLAIMER: The information in this material is not intended to be personalized financial advice and should not be solely relied on for making financial decisions. Investment involves risk. Past performance is no guarantee of future results.
It’s amazing how much a small team can get done.
(Consider David and Marco during the earliest days of Tumblr)
The team is small, the balance sheet is tiny but productivity soars. Any and all decisions are solvable by getting everyone together in a room. That is because it’s literally easy…
What it takes to scale your team.
This week on our “Hallway Chat” podcast Bijan and I talk about the 30th anniversary of the Mac, Facebook Paper, Android, and Tivo.
We also had a lively discussion about the tension in growing a venture firm, but unfortunately due to audio issues I had to cut it out. Hopefully we will revisit the topic next time.
Click to play, or you can always subscribe to Hallway Chat via iTunes here as Apple still hasn’t kicked us off.
Put down that paper, grab your coffee, close your eyes…and just listen.