Dakotah Rice spent years working in the investment banking industry at firms such as Goldman Sachs, Carlyle and Coatue.
One thing that stood out to him was how only a small group of select people and firms could invest in venture capital and private equity funds. The barrier of entry is high, as minimums to invest in private equity often start at $1 million. While attending Harvard Business School, Rice became determined to build a platform that provides accredited investors with access to invest in such entities with as little as $1 — essentially giving them a way to be LPs without meeting the strict requirements that have historically existed.
In building out his business plan in late 2021, Rice talked to players in the space and got feedback that such a product would be welcomed by the industry — so much so that several high-profile investors agreed to back him in his efforts. Earlier this year, Rice raised $5.3 million in seed fun...
