My next guest on The One Percent Project is Matthew Lee, partner Progression Fund. This is an interesting conversation on many fronts.
- Matt defines his career in Venture Capital as an early-stage startup from pre-seed to now at product-market-fit with Progression fund that he built with musical.ly / TikTok alums, what he learnt about his himself and the VC space when he was in the pre-seed learning stage with a 67M fund and investing as an angel.
- His take on why Progression Fund is a consumer-focused fund, when the YCs and Greylocks of the world are bullish on B2B. How Gen Alpha are digital natives, treat Alexa as a human and could turn out to be the richest generation ever.
- We also discuss the opportunity that foundations such as Bill & Melinda Gates bring for Venture Capital funds through the startups these foundations are funding which is solving hard problems with a bottom-up approach in emerging economies.