A note to the Vidinovo Community
From 2014 through 2017, Vidinovo partners took equity in 20 companies in data-related fields. Vidinovo partners reviewed thousands of cutting edge companies and deliberately sought older founders, on their second and third careers; female founders; founders from small cities and outside the United States; founders with non-technical backgrounds; and founders of color. Vidinovo founders put energy into in hardware, not just software, that promised to generate and use data to revolutionize key niches from healthcare services, to manufacturing, to logistics, to leisure. The portfolio was made up of late seed companies with existing products and revenue, and investors deployed not just capital but sweat to help those companies succeed.
For whatever reason, this strategy worked. Based on typical metrics for the venture investing sector, 15-18 of Vidinovo’s companies should have failed; total performance across the 20 companies should be flat or slightly down compared with the public capital markets; and the portfolio should have lost money but for one or two stars at the top. Instead, the scrappy founders from Bangalore to Kansas City hit pay dirt again and again. Follow-on investors have included some of the leading Series B investors in the world. The portfolio generated enough cash to return all initial investments in the aggregate, while the paper value of the companies is worth 10x the initial investment portfolio. If these companies continue to succeed, that paper value will translate into not just financial returns, but improvements in health, education, and criminal justice.
Despite all the fun, the Vidinovo founders have moved on to other endeavors. Some of the partners have dedicated themselves full-time to individual companies, while others have become active in politics. For information about the companies in which we invested, please look into the “companies” tab which will remain live temporarily while the other aspects of effort wind down.