Digital Wealth: How Vise Spent $130mm And Landed At A “refounding”

Today we highlight the disconnect between the promises of early stage wealth tech companies and what the market can sustain. We are particularly skeptical of the claims of emerging wealth tech platforms that haven’t yet cracked distribution, and the knowledge gap between generalist venture capitalists and specialist niche markets. This is especially true at a time when Fintechs EV/LTM revenues are dropping from 20-30x in 2021 to 3-5x, placing a premium on a company’s capital efficiency.