Nichole Wischoff is the founder of Wischoff Ventures, a Pre-Seed and Seed firm that invests up to $1 million in non sexy industries. Nichole closed her first fund in 2021, and previously was an early employee at Blend (NYSE:BLND), One (acquired by Walmart in 2022), and Built.
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Topics discussed include:
• Growing up on food stamps in Arkansas
• How studying abroad in Belgium changed Nichole’s life
• How falling in love with running got her into college and her first job
• Why Taylor Swift could be the first female President
• Opening a bakery to pay rent while teaching English in Spain
• Getting her first job at Citi’s non-profit housing financing team
• Leveraging that experience to get a job in fintech
• Making her first angel investment in Vesta
• How Nichole got One Financial its first 25k users
• Helping sell One Financial to Walmart
• How Lee Fixel and Chad Byers helped raise her first $5m fund
• Lessons learned going from a $5m to $20m fund in 2022
• Nichole’s advice for anyone raising their first fund
• Behind the scenes of her viral “Third Tier VC” moment
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Referenced:
•Taylor Swift (Acquired’s Version): https://www.acquired.fm/episodes/taylor-swift-acquireds-version
• Nichole’s $20m Fund Announcement https://techcrunch.com/2022/12/16/solo-gp-nichole-wischoff-raises-20m-fund-backed-by-peter-thiel-to-invest-in-unsexy-businesses/
• J Cal’s “3rd or 4th Investor in Uber” Montage: https://www.youtube.com/watch?v=OK4Mku_s4H4
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Where to find Nichole:
• Twitter: https://twitter.com/NWischoff
• LinkedIn: https://www.linkedin.com/in/nicholewischoff
• Wischoff Ventures: https://www.wischoff.com/
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Where to find Turner:
• Newsletter: https://www.thespl.it
• Twitter: https://twitter.com/TurnerNovak
• Banana Capital: https://bananacapital.vc
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Production and distribution by: https://www.supermix.io
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