Highlights from this week’s conversation include:

• Derrick’s background in venture capital (0:19)
• Transition to public sector (2:27)
• The Government's role in innovation (4:55)
• Public perception of government in venture capital (8:40)
• Government programs for venture capital (10:48)
• Constraints of public funding (13:11)
• Coordination among state programs (15:18)
• Purpose of public venture funds (17:14)
• Supporting Underrepresented Small Businesses (17:34)
• Investing in Diverse Teams (22:41)
• Insider Segment: Vested’s Differentiation from Competitors (24:59)
• Considerations for Pre-IPO Shares (25:35)
• Thought Leaders in the LP Community (27:11)
• Allocation for Diversity and Climate (29:16)
• Definition of Climate Justice (31:01)
• Unique Aspects of Climate Investing (34:02)
• Mission and Returns in Inclusive Investing (37:30)
• Fund Size and Deployment (40:35)
• Final thoughts and takeaways (42:15)

Derrick Tang serves as the Deputy Director of Venture Capital at IBank California, a role he was appointed to by Governor Gavin Newsom. With a rich background in climate change, venture capital, and government leadership, Derrick has dedicated his career to increasing access to capital for entrepreneurs. His work focuses on supporting underrepresented fund managers and entrepreneurs, with an additional emphasis on climate justice investments. Derrick's previous roles include leading the Climate Investments team at the Bay Area Air Quality Management District and managing grants at the California Clean Energy Fund (CalCEF). He holds a B.S. in Chemical Engineering from Cornell University and is passionate about leveraging venture capital to drive social and environmental change.

Vested empowers startup employees to capitalize on their hard-earned equity, primarily by providing funding to help exercise stock options. The company’s overarching mission is to democratize access to equity, ensuring that startup employees both understand and have a real chance to tangibly benefit from the shares they’re granted.

Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies.

The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:

• Peter’s background and journey Into finance (0:58)
• Strategy of Institutional LPs (2:30)
• Bandwidth Constraints and Time Management (5:53)
• Lessons Learned from Early Stage Programs (8:01)
• Criteria for Fund Managers (10:11)
• Transition to Institutional LP and Governance Structure (12:56)
• Challenges Faced by Institutional LPs (16:10)
• Excitement about certain investment strategies (19:24)
• Overview of the Kauffman Fellows program (23:04)
• Insider Segment: Vested's target audience and investor interest (24:32)
• Ingredients for successful LP-VC partnership (30:45)
• Role of limited partners in the future of venture capital (33:24)
• Proud venture capital investment (35:49)
• Investing with Creativity and Conviction (38:03)
• Final thoughts and takeaways (38:50)

Peter Teneriello is a multifaceted professional with a rich background in finance and private equity. At 33, he boasts a B.B.A. from the University of Notre Dame, complemented by his participation in the Kauffman Fellows Program. His career includes significant roles at Sapient Capital, Stifel Financial Corp., and the Texas Municipal Retirement System. As a Kauffman Fellow, Peter has demonstrated a commitment to innovation and leadership in the investment field. His interests in technology and ethical considerations in AI highlight his forward-thinking approach.

Vested empowers startup employees to capitalize on their hard-earned equity, primarily by providing funding to help exercise stock options. The company’s overarching mission is to democratize access to equity, ensuring that startup employees both understand and have a real chance to tangibly benefit from the shares they’re granted.

Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies.

The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week’s conversation include:

• The Growth and Evolution of Impact Investing (0:47)
• Misconceptions about Impact Investing (3:34)
• Impact Investing in Political Climate (7:59)
• Spring Point Partners' Mission (11:07)
• Venture Capital and Impact Strategy (12:28)
• Assessing and Vetting Fund Managers (14:41)
• Impact Labeling for Fund Managers (16:47)
• Fundraising Strength and Networked Wealth (19:13)
• Silicon Valley Diversity (23:03)
• Shared Ownership and Participatory Investment Models (28:31)
• Insider Segment: Stock Option Funding (33:33)
• Climate Investment Opportunities (42:13)
• Intersection of Planetary and Human Well-Being (44:06)
• Community Ownership in Renewable Energy (46:04)
• Industries and Investment Trends to Avoid (49:47)
• Applying Historical Frameworks to Investing (55:04)
• Final Thoughts and Takeaways (57:02)

Spring Point Partners is a social impact organization that invests in the transformational leaders, networks, and solutions that power community change and advance justice. We do this by:

• Seeking out and supporting community leaders who have the vision to see what’s possible and the drive to make that real.
• Connecting the experience of partners with comprehensive and flexible supports for shared learning and impact.
• Investing in innovative ideas and adaptive solutions that can spark and scale change for all.

Whether we’re partnering on youth development, human-centered learning, animal welfare or water sector leadership or investing in new business models that close opportunity gaps and boost social and economic mobility, we center equity and justice in all we do — supporting individuals and ideas that can have a catalytic impact in their communities and on our society.  Together, let’s change the way social impact is achieved. Learn more: www.thespringpoint.com.

Vested empowers startup employees to capitalize on their hard-earned equity, primarily by providing funding to help exercise stock options. The company’s overarching mission is to democratize access to equity, ensuring that startup employees both understand and have a real chance to tangibly benefit from the shares they’re granted.

Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies.

The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.