The Meb Faber Show
Welcome to The Meb Faber Show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here.
Dave Thornton, Vested – Could Index Investing Come to Venture Capital? | #447
Today’s guest is Dave Thornton, co-founder & Chief Customer Officer of Vested, which helps startup employees unlock the value in their equity. In today’s episode, Dave shares how Vested is providing liquidity for startup employees, along with a way for investors to access the beta of venture capital unlike it’s ever been done before. He shares the ins and outs of their business, the value-add they provide to startup employees about how to handle their stock options, and how they’re able to give people like yourself broad exposure to venture capital as an asset class.
Key Points
- Vested is a company that provides liquidity for startup employees by helping them unlock the value in their equity, offering a way for investors to access venture capital in a diversified manner.
- Startup employees often face a financial dilemma when leaving a company, as they need to exercise stock options within a short period or lose them, which Vested addresses by purchasing a subset of their shares to fund the exercise and tax obligations.
- Vested's fund product aims to track the median return of the VC asset class with added returns from discounted purchasing, presenting a unique investment opportunity that's less volatile and more accessible compared to traditional VC investments.
Follow Dave: Website; LinkedIn
Resources: Phil Haslett on The Meb Faber Show in September 2018 Trillions, Robin Wigglesworth
Chapters
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| 1:28 | |
| 2:20 | |
| 4:36 | |
| 9:10 | |
| 12:45 | |
| 15:19 | |
| 20:59 | |
| 24:03 | |
| 32:23 | |
| 39:30 | |
| 46:04 | |
| 52:47 | |
| 56:08 | |
| 57:11 |
Transcript
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