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June 2019


At Elevate Capital, we believe there is tremendous opportunity to invest early and offer mentorship to entrepreneurs. We provide the venture capital and guidance they need to turn their startups into great companies.

Founder Insights Video Series: Lili Yeo, Goumi

In our Founder Insights video series on the Elevate Capital YouTube Channel, Lili Yeo, CEO of Goumi reveals her venture capital experience.  

“A lot of unplanned things will come along when you’re an entrepreneur. If you can weather those challenges, it gives you that much more confidence in knowing you’re meant to stay on the path you chose.” – Lili Yeo

Watch Lili's Video

Portfolio Blog Series: Dennis McNannay, Curadite

In our founder series on The Elevate Capital Blog, entrepreneurs have come together to share their venture capital experience. Dennis McNannay, Founder and CEO of Curadite discusses his venture capital experience. Find out what it takes to launch a business that helps people.  

“Becoming an entrepreneur is more a process of evolution than education. However, in order to engage in that process of evolution, it has to start early.” – Dennis McNannay

Read Dennis’s Story

Portfolio Company in the News: David Nelson, Bumped

David Nelson, Founder and CEO of Bumped, began his journey with his first fintech company—Giftango—bringing the mobile gift card to market. He worked very closely with the rewards and incentives industry, which he saw had been stagnant for a very long time.

In the past two decades, Giftango had iteration after iteration of the same core concept—cash back, gift cards, points schemes, coupons, and miles. Bumped represents an entirely new mechanism of reward: ownership. Ownership means having a stake in the brands you care about. It shows support for the companies you want to do well and succeed.

David knew that if he could come up with something that could alter that landscape, it would be worthwhile to build another startup. He also recognizes Dan Rosen at Commerce Ventures as well, who had a great deal of the inspiration behind this idea.

The Bumped demographic is broad. David likes ideas that have a comprehensive market and can impact a vast group of folks, and Bumped applies to anyone who is interested in ownership. Bumped targets not only the people that already understand the stock market, but also the people who don't know where to start when it comes to investing.

There is a massive Corporate Social Responsibility element to this idea. Companies have an opportunity to create a loyal following while also creating an opportunity for their customers who may have never owned shares before.

When people have the chance to own fractional shares of stock without putting additional capital at risk, they have a chance to learn about the market and see that it may not be as complex as they imagined. The addressable market here is outstanding.

Bumped is a complicated business model, which David sees as more of an opportunity than a challenge. The team created a broker-dealer (Bumped Financial, LLC, a wholly owned subsidiary) that powers them to conduct this business.

The business model and team had to be in place even before they launched to ensure they could deliver on the mission, which requires raising a significant amount of capital before proving the model.

David notes: “I am fortunate to have been successful in previous ventures, and to work with some of the best people in their respective fields, which allows us to build confidence in our ability to execute and get the capital we need.”  

Bumped was recently listed as an honoree in Fast Company's Top-10 list of the Most Innovative Companies in the finance sector. Check out the article here.

If you are interested in trying out Bumped, sign up to join the beta today!

Inclusion Summit Panel Video: Inclusive Impact

Sayer Jones, Tory Campbell, Ganesh Shankar, Steve Marsh, and Sabrina Parsons with Mark Zusman, Editor and Publisher of Willamette Week

The 2018 Elevate Capital Inclusion Summit featured keynote presentations, fireside chats, company presentations, and panel discussions that focused on inclusion, entrepreneurship, mentor capitalism, and success stories.

This month we’re highlighting the “Inclusive Impact” panel video where investors and entrepreneurs discuss how inclusion in investing and business is a win-win.

Watch Inclusive Impact Video

Upcoming Events

6/12: 5:30 pm to 8:30 pm

TYE Oregon Fundraiser: Light Up the Future

2010 SE 8th Ave, Portland

 

6/12: 9:00 am to 3:00 pm

Problem Solving & Invention Through Entrepreneurship

Accredited Teacher Training

PSU Business Accelerator

2828 SW Corbett Ave, Portland

 

6/19: 4:30 pm to 6:30 pm

TiE XL Boot Camp Annual Happy Hour Hour

Hosted by Perkins Coie LLP

1120 NW Couch St, Portland

Elevate Capital Sponsors

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