Founders And Funders

How An Alumni Connection Led AVG to Sapho—Which Was Acquired for $200M

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Subscribe to Founders and Funders on iTunes, TuneIn, Stitcher, Google Play, iHeartRADIO, and Android Podcast Players. Episode Summary Though Alumni Ventures Group is now comprised of more than 20 venture capital funds, it started with just one: Green D Ventures. The idea was to create a new kind of venture fund, one based on affinity and access—Green D, founded in 2014 by Mike Collins (D'86) would pool capital exclusively from Dartmouth alums to invest in Dartmouth-connected businesses, and it would provide those alums with enhanced access to an asset class that had previously only been available to the uber-wealthy and institutional investors. One of the fund's first ten investments was in Sapho, a micro-app platform founded by Fouad ElNaggar (D'98). Collins had heard a lot of buzz about the company through casual conversations with another Dartmouth alum, and he was impressed not only by the product and its positioning, but also by the fact that ElNaggar had hired several Dartmouth alums to work for Sapho