Negotiating the terms with Cross Culture VC’s Jennifer Richard
Cross Culture Venture’s Jennifer Richard spoke with Negotiating the Terms. In this brilliant Q&A, Jennifer discusses her path from entertainment to startups to venture capital. She also discusses some of the early highlights while working with CCV.
“Since I’m early in my career, I’m not committed to a specific vertical. I am generally interested in companies with social impact. We have a couple of investments that I really love like SoLo, a micro-financing platform for emerging markets. Users can get small loans on their phones with credit determined by a SoLo score rather than a FICO rating determined by a bank and creditors. This allows people access to financing without it being predatory. Users can borrow and lend money on the app; usually lenders are people with disposable income who would donate to a Kickstarter fund but choose to loan that money instead. The person who borrows can pay back a tip but the value proposition is that SoLo users don’t pay any interest. There are so many people in this country who have a bill out of nowhere – a SoLo loan can be the difference between paying rent and putting food on the table or financial strife. I really love human-centered companies like this.