At the moment, I’m happy to announce the promotion of Dominic Lau to Associate at Ripple Ventures. Dom and I’ve been working collectively for practically 5 years now and it’s unbelievable how briskly time flies whereas we constructed the fund’s basis. On this new function, he’ll lead investments, present post-investment help to our founders, scale the RippleX Fellowship, develop our workforce, and assist our funds. A lot of what Dom already does day-to-day has embodied this function, far forward of his formal title development. He has been a core pillar of the fund and a contributor to creating the early-stage enterprise ecosystem in North America.
It feels prefer it was solely yesterday once I shared Ripple Ventures’ first job posting in 2018 once I instantly acquired a name from a Waterloo scholar making his case for why he was the particular person for the function. He had labored in conventional accounting/finance roles however pursued his ardour for enterprise capital by means of freelancing with rising managers and early-stage startups within the ecosystem. Of all of the candidates, Dom was the one one who had the concept of discovering my telephone quantity and calling me to face out from the gang. This preliminary encounter with Dom has persistently resonated in his infinite hustle to create worth for Ripple and its founders.
Dom joined Ripple as we held the primary shut on Fund I and from day one, he labored endlessly to construct out our inner processes, frameworks for funding, and group of founders/traders. Given his prior expertise with different rising managers, his scrappiness and creativity helped us work out methods to do our jobs higher day-after-day. Dom and I get alongside very nicely as a result of we each grew up with a tradition of working exhausting, striving to at all times be a internet constructive, and punching above our weight class. Collectively, we’ve gone by means of two full fund deployments investing in over 20 firms, and at the moment are constructing our subsequent fund.
We launched The Tank in 2019, which was our first personal workplace and incubator house. Right here, we welcomed our Fund I firms to work alongside our workforce and different founders at comparable phases to construct resilient companies. Dom took this as a chance to help our founders of their operational and strategic areas, serving to with every thing from go-to-market, funds, hiring, product analytics, and fundraising. If you happen to ask any of our founders what it’s wish to work with Dom, they may describe him as an extension of their workforce who truly cares and provides worth to the enterprise. You may see what founders must say about him on his wall of references. The exhausting work by Dom and our workforce has not gone unnoticed, particularly with the founders he’s labored with who’ve gotten to their subsequent phases and earned funding from a few of the world’s finest enterprise funds.
Dom has at all times been enthusiastic about mentorship and creating bridges to assist underrepresented communities entry alternatives. He noticed firsthand how exhausting it was for college students to study real-world methods for constructing venture-backable companies and frameworks for evaluating early-stage firms. Because of this, he took it upon himself to launch the RippleX Fellowship program as a strategy to give again to the following technology of entrepreneurs and traders. By way of pure hustle and willpower, Dom has constructed a world-class fellowship program that has helped numerous underrepresented college students the world over entry this information, community, and mentorship.
Up to now, this system has accomplished 11 cohorts, through which half of the individuals have gone on to construct their very own startups collectively elevating over $50M in funding with the assistance of Dom. He’s constructed a community of 1,000+ college students throughout 60 universities and 25 nations whom have participated in not less than one of many program’s choices. A big focus of the flagship program was to empower underrepresented college students, through which he’s persistently met 50%+ gender variety and 90%+ BIPOC illustration in every cohort. To state how huge of an influence this program has had not solely its college students however for Ripple Ventures could be an understatement and all of this credit score is because of Dom.
Past the fellowship program, Dom has been the engine that retains our workforce collectively and continuously firing on all cylinders. His ardour for expertise growth has helped us rent and practice new traders similar to Arielle, Turja, Jay, Naz (simply joined Ripple full time) and lots of extra. All of those wonderful individuals had such nice experiences studying from Dom within the fellowship program that they sought alternatives to affix the workforce and proceed their journey with Ripple. He’s constructed out our total investor onboarding infrastructure, serving to on-ramp new workers with e-mail/name templates, deal sourcing walkthrough movies, funding frameworks, and principally every thing he needs he had when he first joined Ripple.
Constructing out a various workforce at Ripple is essential to us, particularly by hiring workforce members from completely different backgrounds that help our thesis, share a tradition of working successfully, and are extremely collaborative. Dom has been on the forefront of pushing our workforce to be extra inclusive and various throughout all elements of our agency and this has helped set up Ripple as a agency that founders and traders wish to work with.
As we glance in direction of the remainder of 2022 and past, we do it with a stronger partnership and workforce that’s able to construct probably the most strong enterprise ecosystem to help founders constructing market-shifting software program instruments. We are able to take a look at the long run with a stronger basis with Dom as a Associate on the Ripple workforce.
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