"Drive Capital returned $500 million to investors in a single week, distributing nearly $140 million worth of Root Insurance shares, marking significant liquidity in venture capital."
"Chris Olsen emphasizes a contrarian approach, focusing on realistic valuations rather than chasing $50 billion or $100 billion outcomes, which are often discussed in tech circles."
Drive Capital, based in Columbus, Ohio, has navigated a tumultuous past with a co-founder split that posed major challenges. However, it recently marked a substantial achievement by returning $500 million in a single week, distributing nearly $140 million worth of Root Insurance shares. Chris Olsen, the firm’s remaining co-founder and managing partner, credits the firm's success to a contrarian investment strategy that diverges from the industry focus on massive company valuations, aiming instead for sustainable and realistic outcomes in the venture capital landscape.
Read at TechCrunch
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