Why Do You Care?
Founding a company is hard. Every vision needs a why.
Hi, I am Kori, and here is why I am building Lilly
the next big retirement savings app for mid-lower income folks.I grew up in with a single mother, we struggled a lot. We lived in single-bedroom apartments, we had to use the food bank a lot, and life wasn't easy as a kid.Savings were hard to come by and retirement was a pipe-dream reserved for the wealthy. When choosing between putting food on the table, paying for a dentist visit, or sending your kid on a field trip, putting money aside for retirement seems like a low priority...until it's not.My mother retired last year, and lucky for her (and me) I was in a great position to help her, typically that's not the case. Families left caring for a retired parent(s) can cost thousands and push your savings goals back 10+ years on avg, putting you in a financial crunch.A lot of American families know this struggle too well. As of 2022, 64% of Americans are living paycheck to paycheck and 1 in 4 Americans have $0 in retirement savings.Luckily we live in a time when there are more opportunities than ever before to save, build or create wealth right on your phone. Unfortunately, the masses struggle with financial literacy and are taken advantage of all the time.The key is finding the right tool to help you set and meet your long-term retirement goals — and to make it so simple with no financial restrictions and seamless that you don't even have to think about it.That's where Lilly comes in.
• No minimums to begin saving for retirement
• Retirement savings on autopilot
• Begin saving in minutes with an investment portfolio designed just for you.
• We'll invest your cashback, tax refunds, and any other savings we can find you monthly
"Why do you care so much about people getting access to homeownership? I heard your generation doesn't want to buy homes?"First, that's not what the data says and COVID has allowed many of us to work remotely and buy in more affordable areas (not SF or NYC). Secondly, interest rates are below 3%, student debt is the #1 barrier and lastly, personal finance is PERSONAL.I thought long and hard why homeownership is so near and dear to me.I vividly remember during midterms while at Barnard/Columbia (on mostly scholarship), my father called and asked to borrow money. I was stressed out, said no to him for the first time ever, and thought, "I already gave you tons of my babysitting money."The next week he called to tell me he was trying to stay a night at a shelter in Las Vegas. He spent the next 3 months hopping from shelter to shelter before he started to live in a motel, which is where you live when you don't have a security deposit for an apartment.I was so happy to finally have "my" own cork-wall dorm room and little did I know that seeded my desire with wanting to call a place "home".I now own a real estate portfolio because I saved every penny, Airbnb-ed, and hosted guests from around the world to secure more and more down payments. All while figuring out how to fund education access for upskill workers on federal funds at my job. My work was widely-recognized and got me a Gates fellowship.So, the answer to why I care is real estate has given me the freedom to start LoanSense and show my generation how to intelligently move from student debt to homeownership. I learned the hacks and can't wait to help people crush debt and get home!
I’ve been a VC and I’ve been an entrepreneur. The role of the capital allocator matters.Capital allocators decide which visions get funded and where we invest our finite time. With Avalanche VC, we can find the most ambitious entrepreneurs and catalyze their companies with capital. We are inventing a system of incentives and rewards to do allocation at scale and align contribution with compensation.We want to help companies move Faster. be Bolder. show More ambition.Investors who do the work and have conviction, particularly early, can create the avalanches we need to push society forward.The most respected capital allocators crowd-in capital, relationships, and belief. THat's what I do.I believe that what I do matters. That, in addition to capital, my judgement, creativity, and connections can will the future into existence.
I founded Tribute because I experienced firsthand the inequities of company sponsored mentoring programs. Not only are they offered to only a select few, most assume that only Executives and Directors at the top have knowledge to share within the organization.This is fundamentally untrue.Knowledge is everywhere.We know that our lived experiences hold an enormous amount of untapped wisdom and knowledge. What was always missing for me was a trusted forum by which to share this knowledge, anytime, anywhere, when I needed it most.By elevating the stories, lived experiences and wisdom of everyone in the organization, Tribute creates a more inclusive workplace where everyone has equal opportunity to thrive. This is the future of workplace productivity.
Deepak & Pranav
It was the spring of 2020. The COVID pandemic had just arrived. We started putting 5 year olds in front of a computer and asked them to listen to their teachers all day.It didn’t work well. After the umpteenth interrupted meeting when my daughter ran into my office room complaining about boredom, I decided to see the world through her eyes. I sat through one of her classes. It quickly became clear that Zoom was not made for 25-year-old students, let alone 5-year-old ones. Her teacher was a poorly lit, blurry head in a tiny corner of my daughter’s screen, instead of being the energetic person she was in real life.Rather than writing on the whiteboard like she normally did, she was wrestling with presentation software which consumed time, but often yielded awkward looking content. Half the students looked so bored in the Zoom classroom, it was distractingly painful. The others were entirely missing-in-action, silent in gray boxes.It became abundantly clear that our educators need help.So, I connected with a fellow tech entrepreneur, Pranav Mehta, and talked with him about this problem and how we could solve it. He was then reminded of his own struggles in school when he was growing up.We joined forces and came up with Prof Jim, an AI teaching assistant. The company was named in honor of my PhD advisor, Prof Jim Meindl, who had passed away just recently.We hope to make online education easy for teachers, so they can be superheroes and transform lives the way my PhD advisor transformed mine.
Growing up, we felt a desire to create our own path and live life on our own terms. Looking for help and direction, we started to ask questions, try new things, and seek out those equally excited about chasing their dreams.In 2014, we started Next Gen HQ to help others just like us - people looking to design the lives they want to live. Living on your own terms (we call that entrepreneurship!) is really, really hard. It’s daunting, risky, and complicated. We know all too well. Though we - like you - believe chasing our dream is worth it.We are proud to serve a community of entrepreneurs with guided learnings, curated resources, and an empowering community to help you overcome the obstacles that get in the way of freedom and success. Next Gen HQ creates media, hosts programming, invests capital, and provides services to empower entrepreneurs, giving them the momentum they need to win at business and life.We’re grateful for where we’ve come, and know this is just the beginning of where we’ll go. Here’s to taking ownership of our journey, growing 1% each day, and chasing our dreams together. Now that's momentum.