Interplay reposted this
Chris Zhang, CIO and Partner at Ascend Interplay, joined me on the podcast this week. We discussed the often misunderstood concept of diversification and the importance of understanding the nuances of diversification and risk management in investing. Take a listen to the link in the comments and let me know your thoughts 💭. Thanks again for chatting with me Chris Zhang. Always insightful.
Today marks a significant milestone for Interplay as we proudly announce the closing of our third fund, securing $45M to focus on B2B marketplaces and vertical software. This third fund underscores our commitment to the prevailing trend in software - a substantial shift towards specialization. Reaching this point is a testament to the collective efforts of our exceptional team: Mark Peter Davis, Kevin W. Tung, Mike Rogers, Christian Mark, Caroline Elliott, Stacy Greco, Will Richardson and the rest of Interplay. A special thanks to Christine Hall at TechCrunch for covering our announcement and taking the time to delve into the Interplay journey. https://lnkd.in/eQY94tmk
On average, multi-brand retailers fail to sell 30% of their inventory, resulting in a financial loss with a material impact to the business. Today, no effective solution exists; liquidation solutions generate pennies on the dollar and existing software solutions all cater to large brands. Max Retail is solving the issue of excess inventory for SMB, multi-brand retailers with a platform that enables these businesses to efficiently sell excess inventory directly to end-consumers via its innovative zero-inventory technology platform. We're extremely excited to be investors in Max Retail and to work with their team, led by Melodie van der Baan, as they help multi-brand retailers maximize sales. Learn more about the work Max Retail is doing in our blog post detailing the company and our investment: https://ipl.vc/bmr
We're thrilled to announce the launch of our newly redesigned website! Our team worked diligently to create a more visually appealing and informative online experience. With a fresh look that features more content and insights, the design is meant to more intuitively display everything that's going on here at Interplay. Check it out @ https://interplay.vc/.
If you or someone you know is an expert in marketing, there's a great opportunity at one of our amazing VC portcos, Tovala! Learn more via the below job description.
I'm excited to share that we're hiring for a VP of Marketing at Tovala. We're looking for someone strategic that has strong brand instincts, is a gifted storyteller and is just as comfortable with data. We're offering $20,000 to anyone that can find us the right person. You can send this link — https://lnkd.in/gza3nwA7 — to any candidates or you can re-share with folks you think would know great candidates!
Managing Partner of Interplay
3mohttps://www.interplay.vc/podcasts/diversification-demystified-creating-balanced-portfolio