1/17/2024 0 Comments Touchdown ventures crunchbase![]() In addition to traditional sourcing, calling and networking, Fifth Wall has hired a data analyst to professionalize the sourcing process. “We don't have a model like at Battery where it's just really associates and analysts.” To date, “I still do a lot of sourcing even though I’m a partner now,” he said. He admitted that he wasn’t the best at sourcing companies, but got better as time went on. ![]() If you really want to find the companies before anyone else does. “They're not just going to come to you, you're not gonna have a banker, or a lawyer or another type of third party bring you a company before anybody else finds it. “To understand venture you have to be able to roll up your sleeves, make connections, network to find the best deals,” he said. There, he learned the importance of sourcing. Prior to joining Fifth Wall, Wenhold served as a growth equity investor at global investment firm, Battery. “Real estate 10 years ago hadn't yet woken up to I think the reality of technology impacting their businesses… That's all changed, and I think there has been pressure put on real estate owners in this economy in particular, where they're seeing their cost of capital increase.” “We started investing in retail companies, which we don't really do as much of anymore,” he said. Wenhold co-leads the $1B real estate technology fund at Fifth Wall and was one of the first 10 employees at the firm. We're looking to really lean into the different types of ways we can help out startups.” We are not looking to just be solely a venture capital firm. I think, as far as firms are concerned, we are a different type of asset management firm. ![]() ![]() “Honestly, when it comes to growth, we're growth first, but at the same time, we also are constantly looking to be innovative. “Fifth wall is very startup minded,” Wenhold said. Their investments span real estate technologies, climate tech, infrastructure, supply chain tech, human resource tech and clean energy tech. Fifth Wall is the largest venture fund specializing in real estate. ![]()
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