• Goal: Nexus for pooled asset funds (investment clubs, hedge funds)

• Angel-backed dot-com

• Raised over $2M

• Turned down an offer of $10M in 2000

• The Master Plan:

  

Notes:

In 1998, I started bivio Inc. without a clear idea of what it was going to be. It was natural for me to work in the finance space, and I teamed up with good friend and former intern, Ion Yadigaroglu. We were going to take over the financial community space. bivio means fork in Italian so bivio is the crossroads of investing and community. We started on investment clubs as the initial market, and we've branched out to support some hedge funds.

We raised about $2M for bivio.com in five angel rounds from 1999 to 2001. As you can see from the graph, we didn't do well fro a long while. There was slow steady growth, but nothing to write home about.