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Tyson is the founder and CEO of Notice, an investment platform that gives customers real-time access to private company data. He has an impressively diverse entrepreneurial background, including founding Affinity Circle, a professional networking and job-finding platform, a software consulting business, and even a pineapple farm in Uganda before becoming a partner at Fideras, a late-stage boutique investment advisory firm that specializes in shareholder liquidity and capital raises. While at Fideras, he realized the massive pricing inefficiencies of privately held companies and set out to build a solution. Notice’s team has already grown to ~8 people, and the company has chosen to build their team remotely for greater employee flexibility and broaden their access to talent.‌

Today on the podcast we discuss:

1. The Latest Update with Notice (0:48)

2. The Response From Companies (5:28)

3. How Notion Gets Their Data (7:39)

4. The Benefit of a Good Broker (11:20)

5. How the Business Model Has Shifted and How It Will Grow/Remain Profitable (13:14)

6. How They Present the Nuance in the Markets (20:32)

7. Tyson's Take on IPO Window (26:29)

8. How Knowledge Helps Inform Employees on Liquidity (28:29)

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Sim is the founder and CEO of Hiive, the first true marketplace for private company stock. Hiive is revolutionizing the way in which buyers and sellers of stakes in unicorns come together by centralizing and automating traditional market processes. Previously he spent over 13 years at Setter Capital, most recently founding and leading the firm’s venture capital secondaries team since 2015. He grew that business from a new entrant to VC/unicorn trading to its current position as a major global hub.

Sohail is the Founder & CEO of Destiny (D/XYZ), an investment management company that provides public access to the private tech markets. Prior to founding Destiny, Sohail was the Founder and CEO of Forge, a global private securities marketplace building trading, custody, and data infrastructure to meet the needs of high-growth unicorn companies, employees, and investors. Prior to starting Forge in 2014, he was among the youngest founders to go through Y Combinator as an eighteen-year-old. Over the years, Sohail has advised and invested in over 150 startups, including notable startups such as Rappi, Rippling, Notion, Retool, Astranis, Superhuman, Mercury, and Zenefits. He continues to invest in seed stage companies through S2 Capital, and serves as its Founding Partner. He previously managed mobile product at Zynga, joined mobile advertising firm Chartboost as its second engineering hire, and has held roles at Google and the MIT Media Lab.

Today on the podcast we discuss:

1. Sim & Hiive Intro (1:15)

2. Sohail & D/XYZ Intro (4:21)

3. What has gone into starting The Destiny100? (6:28)

4. How does The Destiny100 interact with the rest of the market? (7:34)

5. What does the marketplace look like? Who are players in the private fund market? (9:26)

6. Why did Sohail choose to go the route of reaching unaccredited investors and how do they make that profitable? (12:26)

7. How do they balance the access piece with the profitability piece at Hiive? (16:48)

8. How does D/XYZ approach the oxymoron of making the private market more transparent? (20:06)

9. How does the pricing work? How do they balance the whims of the public market with their private assets? (25:49)

10. Sohail’s Thoughts on Democratization of the Markets (37:57)

11. How does management of the private companies react to the pitch of D/XYZ? (40:46)

12. Sohail’s and Sim’s Thoughts on Best Practices (50:29)

13. Closing Remarks & The Future of D/XYZ (1:05:47)

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Justin is a Managing Partner at Recharge Capital and leads venture investments. Previously, Justin founded Chaos Ventures and led over 150+ venture capital transactions spanning pre-seed through Series A. His past investment portfolio covers fintech, healthcare, and consumer with an emphasis on technology application such as AI, synthetic biology, and blockchain. Prior to Chaos Ventures, Justin held investment roles at Tusk Ventures, Argo Ventures, and Providence Equity Partners. Justin began his career in leveraged finance investment banking at Jefferies and audit professional at Ernst & Young. He is a licensed CPA.

Today on the podcast we discuss:

1. Justin’s Background + Recharge (1:14)

2. Keeping CAC Low While Addressing LTV (7:37)

3. Process for Deciding What Areas to Invest In (13:46)

4. Recharge’s End-to-End Model; How Their Cayman Holding Companies Function as Operating Companies (15:09)

5. Order of Operations for Deciding on a Venture Investment (17:35)

6. The Relationships Between Recharge and Their Investments (21:26)

7. How Justin Prioritizes His Time Across His Business Ventures (23:37)

8. Justin's Outreach/Acquisition Process (30:24)

9. What was the Pitch for Recharge? (42:12)