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Frec steps out of stealth, The Era of “Move Fast and Break Things” is Over, and Lumida Ledger

Social Leverage Letter | Issue #110

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Emerging from stealth, fintech startup Frec (Fund IV) announced it has raised $26.4 million in seed and Series A funding led by Greylock, with participation from Social Leverage and others to democratize access to direct indexing.

Hemant Taneja discusses the need for a shift in the approach of entrepreneurs and venture capitalists towards responsible innovation. He suggests eight key questions that every company should be able to answer, focusing on creating positive change, sustaining product virtue, driving individual impact, defining growth rates, leveraging data responsibly, fostering innovation ecosystems, promoting diversity, and adapting to regulations.

Is a Credit Event Coming? What do higher rates mean for valuations? The Lumida (Fund IV) team does a great job at catching us up on what is happening in the markets every week in the ‘Lumida Ledger’.

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