Navigating Growth: Lessons in Restructuring and Financial Strategy

This chapter explores key lessons learned from the challenges of company restructuring, including handling the difficult realities of layoffs and resets. It emphasizes the importance of aligning investor incentives with sustainable growth and highlights the necessity of solid financial planning for effective capital management.

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Samir Vasavada joins Molly O'Shea on Sourcery to share how he and his co-founder Runik Mehrotra launched Vise as teenagers and scaled it to over $22 billion in platform assets with their leanest team ever: just about 40 people. After a record-breaking Q2 and 1275% YoY growth, Vise is leading the shift to Wealth 3.0 with personalized, automated portfolios that go beyond mutual funds and ETFs.

Backed with $130 million in funding at a $1B valuation from Sequoia Capital, Founders Fund, and Allen & Co, Vise uses AI to help advisors build, manage, and explain portfolios across nearly every asset class and client type.

Since recording this episode Vise has grown from $15B to $22B platform assets in just a few months.

In this episode, Samir breaks down:

• Bootstrapping Vise at 16: From seed to unicorn in 18 months

• Raising $130M from investors like Sequoia, Founders Fund, + Allen & Co

• How Vise saves clients $60M+ in taxes

• What tech billionaires actually do with their equity

• The $10T RIA opportunity—& why the legacy wealth stack is broken

• Retail demand for private credit, real estate, & alternative assets

• Global wealth shifts from London to Dubai, Milan, & Southeast Asia

• Why scaling back from 150+ employees to 40 made the company stronger

“There needs to be one platform that is functionally the platform that powers the global multi-trillion dollar asset management industry. And it will be Vise”

Molly on X: https://x.com/MollySOShea

Samir on X: https://x.com/samir_vasavada

Visit Vise: https://vise.com

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Chapters:

(00:00) $83T Market → Vise Hits $22B platform assets, 1275% YoY Growth

(01:30) Founding Vise at 16 & Becoming a Unicorn in 18 Months

(03:04) Pivoting to $10T Enterprise RIA Market

(05:28) Lean 40-Person Team → Fastest Growth Ever

(06:23) What Vise Actually Does

(10:23) State of Retail Market: $83T in wealth, $2T+ in Access to Alts

(22:45) $63M+ Saved via Daily Tax-Loss Harvesting

(24:38) Servicing Clients from $200 to $150M Accounts

(30:45) Why Zuckerberg & Elon Take “$0 Salaries”