Dave Sachse

I convinced my family to do VC and am no longer invited over for the holidays. Tweets about tech, investing, family offices, WI sports and my life’s randomness.

[Dave Sachse @DSox]

Reintro: I’m Dave, I do early stage tech investing for my family’s office.

Stats:
84 total investments
31 funds
53 startups
27 pro rata
5 acquired
8 shutdown
DPI: .21
Built Family VC: investor network of 300+ SFOs.

Officially invited to attend family holidays again.

I ❤️⛳️

[Dave Sachse @DSox]

Co-hosted four productive Family VC events in NYC this week with amazing members in this peer community.

Thankful to all those who could attend. Very appreciative to connect and collaborate with ambitious, kind peers who are building, investing and leading by example.

[Dave Sachse @DSox]

Shot stance view 😬

[Dave Sachse @DSox]

Extreme flop over the 💀 for a one hopper chip in ⛳️.

Go Brewers!

[Zaid Rahman @zaidrmn]

Q3 was Flex’s strongest quarter yet as we build the global financial home for HNW business owners.

A few highlights:

- Revenue grew 2.5x YoY at scale
- $20B+ annualized TPV
- Revenue outside business cards grew 7x YoY
- Accounts Payable now accounts for ~39% of revenue
- Texas and Florida are our largest markets, with customers across construction, wholesale, healthcare, ecommerce brands, local government, and more
- 98% gross logo retention
- Global banking now represents 12% of revenue, up from just 0.4% at the start of the year, fueled by spend management, stablecoin, and multi-currency accounts
- Canada is our largest market outside the US, followed by the UAE
- Cross-border payments revenue grew 5.5x YoY

On the consumer side, thousands of HNW individuals have joined the waitlist for Flex Elite, our new personal credit card offering up to 5% cashback on everything.

We're onboarding members in phases. DM us for priority.

Our ambition is simple: build the full financial home for founders, across both their businesses and personal lives. And every quarter reminds me of how underserved traditional businesses are globally.

I joined Gstaad Guy's podcast to share what we've been up to. Watch below.

[Dave Sachse @DSox]

In a world trending towards automation and AI everything, IRL experiences and relationships will matter more than ever.

I’ve learned that when you authentically do things that aren’t scalable, it can lead to great outcomes.

Family VC member care packages 📦 are on the way! 🫡

[Dave Sachse @DSox]

Nothing beats getting together with peers to break bread and get to know one another. Authentic and genuine connections can lead to life long collaboration.

A very enjoyable dinner in SF last night with 10 family offices. The staff at CIAORIGATO provided phenomenal service! 🙏

[Dave Sachse @DSox]

Enjoyed checking out @TechCrunch Disrupt in SF this week. Fun panel with Bruce K. Lee on the topic:“how family offices are reshaping venture investing.”

This snapshot captured me explaining to the audience that in these situations: “I don’t know what to do with my hands.”

[Dave Sachse @DSox]

@kenzianidiot 💯

[Dave Sachse @DSox]

After 10 years in VC, it’s clear:

Many founders want to be a VC.

Many VC’s want to be a family office.

Many family offices (especially next gen) want to be a founder and/or VC.

No one enjoys fundraising and the grass isn’t always greener on the other side!

[Dave Sachse @DSox]

This week I’m co-hosting, with @justis_mendez, a casual coffee meetup in SF before TechCrunch Disrupt.

We have a few spots still open.

If you’re an investor (LP or VC) or founder and want to join, reply or DM one of us.

[Dave Sachse @DSox]

Checking out TechCrunch Disrupt in SF next week for part of the day.

If you’ve ever attended, what are your thoughts on this event?

Any tips for a first timer?

If you’re an ambitious investor or founder and want to try to meet up at the event, DMs open.

[Dave Sachse @DSox]

October golf in WI. ⛳️💀

[Dave Sachse @DSox]

@StevenMusielski I have not played it before but have heard good things.

[Dave Sachse @DSox]

Fall golf ⛳️ is the best.

[Dave Sachse @DSox]

@MikeDuda AI…jk

That hole is right on the bottom of a ridge. It’s a shelf part of the green on the left.

[Zaid Rahman @zaidrmn]

Today, we're opening Flex Elite to the public.

The personal credit card from Flex (@flexsuperapp).

Invite only. Built for high spenders. Up to 5% cashback on everything*, no annual fee.

More than two years in the making. Members get:

> Up to 5% cashback on every category*

> 24/7 travel concierge

> Top hotels through our own partner network: Aman, Dorchester Collection, Rosewood, Eden Rock St Barths and more

> Flights, private jets, villas, yachts with our travel advisory team

> VIP access to Flex-curated experiences: Monaco F1, Art Basel, the Super Bowl and more

> Personal and business finances in one dashboard, one login

Founders who run their personal and business finances through Flex get the highest rewards tier in the industry.

Request your invite: https://t.co/XLSjaAzJjC

[Diego Kafie @diegokafie]

Super excited to announce we've raised a total of $7.2 million in funding for @getnoise!

We're on a mission to build the world's largest advertising platform (sans big tech) AND the world's largest gig economy platform 🔥

Here's how:

[Dave Sachse @DSox]

September golf in WI. ⛳️

[Joey Levy @joeyslevy]

Betr 2.0 is here. When we launched @betr four years ago, we were only focused on microbetting. Now, we have Picks, Predictions, Social Sportsbook, Social Casino, and Arcade — with Rips and other new products coming soon. 1/8