Drive Capital co-founder Chris Olsen discusses how the firm’s contrarian approach to fund size, ownership stakes, and geographic focus is generating returns while other firms struggle. In a StrictlyVC Download interview with TechCrunch editor-in-chief Connie Loizos, Olsen also talks about Drive’s composition after separating from co-founder Mark Kvamme, Silicon Valley billionaires choosing Columbus, and the industry’s “venture reckoning.”
Drive Capital, the Columbus-based venture firm led solely by co-founder Chris Olsen after a co-founder split, returns $500 million to investors in a single week through exits and Root Insurance shares. Olsen credits a contrarian strategy focused on startups outside Silicon Valley and meaningful ownership stakes; he describes the sale of Thoughtful Automation as near fund-returning despite its sub-$1 billion valuation. The firm reports $2.2 billion in assets under management and more than 4x net returns on its most mature funds, with 30% of its current $1 billion fund left to invest.