The new venture firm, Flourish, from The Omidyar Network is launching to investing in startups whose innovations are helping people take advantage of economic opportunity and achieve financial health; the fund is launching with an existing $200mn of portfolio companies and plans to invest $300mn more in the next 5 years; Tilman Ehrbeck, Managing Partner of Flourish, sat with American Banker to discuss the new venture; the interview covers the purpose separating the fund from Omidyar and their view on what the world could look like; they also talked about their hopes of seeing successful exits and impact from their investments, the fund structure being an evergreen fund with permanent capital and more. Source.
