Asaf Horesh - Value Across the Fintech Landscape in Europe & Israel
Jan 25, 2024
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Asaf Horesh, Managing Partner at Vintage Investment Partners, discusses the importance of building meaningful relationships in venture and the unique structure of Vintage's investment strategies. He shares insights on trends in early-stage fintech investments and offers advice for those looking to grow their careers in venture and fintech.
Vintage Investment Partners operates three different vehicles, allowing them to invest across the startup value chain from seed rounds to Series E and beyond.
Vintage's extensive data collection gives them an edge in spotting high-growth companies early and strategically matching corporate needs with startups through a managed marketplace.
Deep dives
Investment Strategies and Value Chain Access
Vintage Messer & Partners has three main investment strategies, allowing them to see across the startup value chain from seed rounds to Series E and beyond. They also have a unique database that provides insights into the FinTech industry, giving them a competitive edge in understanding various aspects of the market.
Vintage Investment Partners and their Unique Structure
Vintage Investment Partners is a venture platform that operates three different vehicles: a fund of funds, a secondary fund, and a growth strategy. They invest in early-stage managers, directly acquire company shares, and participate in early-stage growth investments. Vintage also leverages their extensive data collection to generate value through a managed marketplace and strategically match corporate needs with startups.
Data-driven Insights and Advantageous Positioning
Vintage's extensive data collection allows them to gain insights and spot potential high-growth companies before others in the market. They use this data to evaluate market trends, identify promising startups, and make investment decisions. Vintage's advantage lies in their ability to anticipate future industry leaders and invest early, positioning themselves for potential success.
Challenges in Valuations and Secondary Market Opportunities
Vintage recognizes the challenges of high valuations and liquidity considerations in the market. Some highly valued companies face difficulties in justifying their valuations and finding sustainable business models. However, this presents opportunities for Vintage on the secondary market, where they can proactively seek discounted positions in companies that have strong growth potential but undergo valuation corrections.
In today’s episode, Joshua Benadiva hosts Asaf Horesh, Managing Partner at Vintage Investment Partners. Asaf recently co-led a $200m raise for Vintage's new growth fund. In this episode, he discusses the importance of building meaningful relationships in venture and the unique structure of Vintage's investment strategies. He explains the structure and metrics of Vintage's data platform and shares insights on trends in early-stage fintech investments. Asaf also discusses the challenges faced by companies with valuation issues and the targeting of specific verticals in the secondary market. He offers advice for those looking to grow their careers in venture and fintech.
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WFT Instagram: instagram.com/whartonfintech
Josh's Twitter: @josh_benadiva
Josh’s LinkedIn: www.linkedin.com/in/jbenadiva/
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