Rick is Co-Founder and Managing Partner at Equal Ventures. Rick invests across Equal’s four verticals and serves on the boards of Threeflow, Leap, Smarthop, Ghost, Starday, David Energy, MVMNT, Odyssey Energy Solutions, vQuip and several others yet to be announced.
Prior to co-founding Equal Ventures, Rick was an investor at Lightbank, an early-stage venture fund based in Chicago, where he led investments in companies like Riskmatch (acquired by Vertafore), Vettery (acquired by Adecco), Neumob (acquired by CloudFlare), Expel and Catalytic amongst others. In addition to those investments, Rick served on the boards of Snapsheet and Benchprep and angel invested in several industry-leading companies like Rigup, Clearcover, and Project44.
Prior to Lightbank, Rick worked with investment firms Foundation Capital, Bowery Capital, and Lightview Capital, investing in technology companies across the capital spectrum from seed-stage to buy-out and began his career as a strategy consultant at Deloitte Consulting.
Rick received an MBA with Honors from Columbia Business School and graduated from the University of Richmond where he studied Economics and Leadership Studies. When Rick isn’t working with founders he can usually be found in Brooklyn with his wife, Lauren, their daughter, Sutton, their son, Hayes, and their dog, Archie.
Your Fund Size is Your Strategy
One of our LPs often tells me, “Your fund size is your strategy.” I was at a dinner with a long-time investor the other night and he noted, “the NYC seed stage ecosystem used to be so much more collaborative — what happened?” I still see NYC as extremely collaborative, but it’s important to recognize that our collaboration from a decade ago was often the product of scarce resources, not solely altruistic collaboration.
Announcing $175m more to Bridge the Digital Divide
Today, I am excited to announce that Equal Ventures has raised $175m to further our mission to “Bridge the Digital Divide.” These funds are split across two vehicles, $100m for Equal Ventures Fund 2 and $75m for our first Opportunity Fund. Equal Ventures Fund 2 will continue with our core strategy of leading seed investments in climate, insurance, retail and supply chain (with initial investments of $2-3m), while the Opportunity Fund enables us to double-down on our most promising companies in subsequent rounds.