Richard is Co-founder and General Partner at Equal Ventures. Prior to co-founding Equal Ventures, Richard was an investor at Venrock, where he led seed-stage and Series A stage investments in 6Sense, Amino Apps, Beckon, Burner, Luxe Valet, and Salsify.
Prior to joining Venrock, Richard was an investor at Institutional Venture Partners (IVP), where he focused on identifying and evaluating later-stage investments. While at IVP, Richard worked with IVP portfolio companies such as Dropbox, FleetMatics, PopSugar, Shazam, and Yext. Prior to joining IVP, Richard worked in the Investment Banking Division of Credit Suisse.
I started my career as an Investment Banker at Credit Suisse. While at Credit Suisse, I realized that I was interested in spending more time with founders and venture seemed like the best way to do so. I was fortunate to join IVP and Venrock before launching Equal Ventures.
We look for several factors when evaluating a founding team, but at the top of the list for us is founder-market fit. We think that founders can have founder-market fit by either having previously worked in the industry their new business operates in, or by having a personal experience that has led the founder to pursue their new idea.
We work quite closely with our founders. We generally join the board of the vast majority of investments that we make, and we have scheduled check-ins with our founders every 2 weeks, and we have several impromptu interactions between our check-ins. We work well with founders who have a strong understanding of how their markets operate and those that are transparent and good communicators.
We are always looking to understand how any business can have an economic advantage versus other players in the space. If a founder can explain their economic advantages to us, we are more likely to dig in.
I am dedicated to doing what I can to promote diversity throughout the tech ecosystem, from venture capitalists to founders, to operators. This has a big impact on how our firm and I operate.
I love how collaborative the NYC tech ecosystem is, and I believe we will continue to see large businesses being built that are headquartered in NYC, even as remote working continues to grow in popularity.