47 min
How VC LPs are thinking about the Markets with Jeffrey Rinvelt of Renaissance Venture Capital Tank Talks By Ripple Ventures
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- Entrepreneurship
It’s tempting to think of Venture Capitalists as the top of the food chain, but in reality, we are closer to founders. VCs build an investment thesis and then go test that thesis, both in the fundraising marketplace and in doing their investments. Just like with founders, sometimes the marketplace demands VCs to pivot and change their thesis, sometimes dramatically. And always—always—VCs are held accountable by their investors, known as Limited Partners, or LPs. Our guest today is Jeffrey Rinvelt, his work at Renaissance Venture Capital finds him investing as an LP across many funds. He’s got some great insights into what LPs are thinking, and what the market may hold in the coming months.
About Jeffrey Rinvelt:Jeffrey Rinvelt is a Partner with the Rennaisance Venture Capital. He was previously part of Ardesta, where he was a Director engaged in sourcing, evaluating, and conducting due diligence on investment opportunities, as well as monitoring and providing assistance to the companies in Ardesta’s portfolio. Prior to joining Ardesta, Jeff was a co-founder of GrapeVINE Technologies, providing Product Management and Marketing for their knowledge management product, eventually resulting in an acquisition by Sun Microsystems. Jeff was also part of the start-up team for MAXfunds.com, an Internet company providing complete coverage of the mutual fund industry, including hundreds of funds not available on any other site. In addition, Jeff spent five years with Ernst & Young’s Information Technology group as a senior consultant.
Jeff is a proud trustee of Western Michigan University and also lends his expertise to a number of local non-profits.
A word from our sponsor:
At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves.
The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at anytime. We weren’t asked for any personal guarantees or to pay any setup or monthly SaaS fees.
Not only does Jeeves save us time, but they also give us cash back on our purchases including expenses like Google, Facebook, or AWS every month. New users can earn up to 3% cashback for their first 90 days.
The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing of all is that Jeeves is live in 24 countries including Canada, US and many other countries around the world.
Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally.
Visit tryjeeves.com/tanktalks to learn more.
In this episode we discuss:
02:38 Jeff’s journey into Venture Capital and why he started in Michigan05:11 How he got through the 2008 financial crisis06:11 The original investing thesis for Renaissance Venture Capital08:59 Inspiration and innovations around Renaissance10:33 What makes a good fund manager12:20 Red flags for emerging managers14:52 What’s more important for a manager, track record or technical chops?17:10 How Jeff works to give value as an LP19:33 Building a platform as an LP20:29 What the current market is like as an LP22:50 Internal conversations around deployment of f
It’s tempting to think of Venture Capitalists as the top of the food chain, but in reality, we are closer to founders. VCs build an investment thesis and then go test that thesis, both in the fundraising marketplace and in doing their investments. Just like with founders, sometimes the marketplace demands VCs to pivot and change their thesis, sometimes dramatically. And always—always—VCs are held accountable by their investors, known as Limited Partners, or LPs. Our guest today is Jeffrey Rinvelt, his work at Renaissance Venture Capital finds him investing as an LP across many funds. He’s got some great insights into what LPs are thinking, and what the market may hold in the coming months.
About Jeffrey Rinvelt:Jeffrey Rinvelt is a Partner with the Rennaisance Venture Capital. He was previously part of Ardesta, where he was a Director engaged in sourcing, evaluating, and conducting due diligence on investment opportunities, as well as monitoring and providing assistance to the companies in Ardesta’s portfolio. Prior to joining Ardesta, Jeff was a co-founder of GrapeVINE Technologies, providing Product Management and Marketing for their knowledge management product, eventually resulting in an acquisition by Sun Microsystems. Jeff was also part of the start-up team for MAXfunds.com, an Internet company providing complete coverage of the mutual fund industry, including hundreds of funds not available on any other site. In addition, Jeff spent five years with Ernst & Young’s Information Technology group as a senior consultant.
Jeff is a proud trustee of Western Michigan University and also lends his expertise to a number of local non-profits.
A word from our sponsor:
At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves.
The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at anytime. We weren’t asked for any personal guarantees or to pay any setup or monthly SaaS fees.
Not only does Jeeves save us time, but they also give us cash back on our purchases including expenses like Google, Facebook, or AWS every month. New users can earn up to 3% cashback for their first 90 days.
The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing of all is that Jeeves is live in 24 countries including Canada, US and many other countries around the world.
Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally.
Visit tryjeeves.com/tanktalks to learn more.
In this episode we discuss:
02:38 Jeff’s journey into Venture Capital and why he started in Michigan05:11 How he got through the 2008 financial crisis06:11 The original investing thesis for Renaissance Venture Capital08:59 Inspiration and innovations around Renaissance10:33 What makes a good fund manager12:20 Red flags for emerging managers14:52 What’s more important for a manager, track record or technical chops?17:10 How Jeff works to give value as an LP19:33 Building a platform as an LP20:29 What the current market is like as an LP22:50 Internal conversations around deployment of f
47 min