Michael Bank

Director of New Ventures @ Fidelity Labs | VC & Startup Advisor | Ex-VC Backed Founder | Ex-IB | All thoughts are my own (often esoteric). Always be learning.

[Michael Bank @realmichaelbank]

Funding secured.

Really proud of the team’s efforts and dedication to get to where we are today. Excited for everything we have brewing; stay tuned!

[Blip Labs @BlipLabs]

Blip secures $2.1M seed round to offer financial institutions and fintechs with the infra required to provide experiences to help customers manage and pay recurring bills.

https://t.co/LmoNIFXHgQ

[Michael Bank @realmichaelbank]

Not sure I’ll get around to reading this article

[Michael Bank @realmichaelbank]

Inception

[Michael Bank @realmichaelbank]

Stock price appreciation over the last 5 years FAANG vs. Build-A-Bear Workshop:

Facebook: 210%
Amazon: 115%
Apple: 297%
Netflix: 177%
Google: 165%
Build-A-Bear Workshop: 961%

Why is nobody talking about this?

[Michael Bank @realmichaelbank]

@danielmerja Back when R&D and build quality trumped everything. This W140 S class cost nearly $1B to develop.

[Michael Bank @realmichaelbank]

@Hadley PE total AUM is ~12T. VC makes up ~10% of that. For context the global stock market cap is ~110T. So definitely a tiny industry.

[Michael Bank @realmichaelbank]

Published some themes/takeaways from Finovate Fall in NYC:

https://t.co/GCSEfvojOU

[Michael Bank @realmichaelbank]

Great founder pitches and meetings today at NY Venture Summit. Until next year!

[Michael Bank @realmichaelbank]

@ericbahn Will be back to our regular programming on Aug 25

[Michael Bank @realmichaelbank]

Hopefully there wasn’t a fire…

[Michael Bank @realmichaelbank]

That’s a wrap on another amazing #nytechweek. It was great catching up with old friends and meeting new ones.

[Michael Bank @realmichaelbank]

Big thank you to all the founders and investors that ventured out to join our walk and talk event during #nytechweek @ventures_fc

[Michael Bank @realmichaelbank]

@CharleyMa @seandougfan @MahdiRazaMR Congrats!

[Michael Bank @realmichaelbank]

@ericbahn How to beat a McLaren in a minivan:

https://t.co/lLAfPRfcgC

[Michael Bank @realmichaelbank]

@jefielding @danielmerja Thanks Jenny! Sorry the team was conducting due diligence on the website before 😁

[Michael Bank @realmichaelbank]

@rexsalisbury Welcome to the unicorn factory

[Michael Bank @realmichaelbank]

Has Morgan Freeman joined Airchat yet?

[Michael Bank @realmichaelbank]

Big product / funding news today from Mercury / Ramp.

Exciting day in fintech land

[Michael Bank @realmichaelbank]

@tryramp @khoslaventures @foundersfund @sequoia @GreylockVC @8vc @ThriveCapital Long time ramp user, excited for what the future holds!

[Michael Bank @realmichaelbank]

@likuev @mercury Congrats! Have been a user on the Biz side for years, excited to try out the personal banking experience!

[Michael Bank @realmichaelbank]

Prelim Q1 data from Carta indicates the median amount of cash raised was up for seed, Series A, Series B, and Series C, with sharp increases in priced seed rounds.