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116 Street Ventures: Portfolio, So Far

Managing Partner Ludwig Schulze and Senior Principal Andrew Padilla

Watch Managing Partner, Ludwig Schulze and Senior Principal, Andrew Padilla for a live, 45-minute presentation about some of the investments already made by 116 Street Ventures Fund 3, how they will continue to build a fully diversified venture portfolio, and the status of earlier vintages.

During the session, we discussed:

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    Current investments in this year’s fund
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    The goal and structure of the fund
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    Benefits of diversifying into venture capital
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    Minimum requirements needed to invest in the fund

* You must be accredited to invest in venture capital. Important disclosure information can be found at avg-funds.com/disclosures.

About your presenters

Ludwig Pierre Schulze
Ludwig Pierre Schulze

Managing Partner, Waterman Ventures & 116 Street Ventures

Ludwig has been on all sides of venture — as an entrepreneur, corporate buyer of ventures, and venture capitalist. Before Alumni Ventures, he experienced the daily realities of entrepreneurship as Founder and CEO of a mobile payments venture that served over 12 million people. Earlier, at a Fortune 100 telecommunications manufacturer (Nokia), he held general manager and business development roles that included investing in and acquiring venture-backed businesses. His first experience in venture capital was with an $800 million global fund that focused on enterprise and mobile software both before and after the dot.com crash. Ludwig began his career as a strategy consultant with the Boston Consulting Group. He has a BA from Brown University and an MBA from Columbia. He lives in NYC with his wife and 2 teenagers.

Andrew Padilla
Andrew Padilla

Partner, 116 Street Ventures

Andrew has over a decade of experience in alternative investments, including roles as an investor, board advisor, and limited partner across venture capital and private equity. In addition, he previously founded an online lending platform that incorporated machine learning into consumer credit underwriting. Prior to joining Alumni Ventures, Andrew was an investor at Mithril Capital, a multi-stage global investment firm backed by Peter Thiel (co-founder of PayPal & Founders Fund), where he focused on deep tech and enterprise software investments. He began his career as a CPA with Big Four accounting firm Ernst & Young. Andrew holds a BBA from Baylor University and an MBA from Columbia Business School.

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