Purpose Driven: Advice for Startups from Founder-Turned-Investor Miles Lasater

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estimated read time: 3½ minutes

Purpose Driven by Davina van Buren

Unlike many American kids, Miles Lasater’s parents taught him about money at a young age. Hooked, the self-proclaimed bookworm sought out personal finance books on his own. At Yale University, he co-founded the Yale Entrepreneurial Society and the institution’s first business plan competition, which included a special category for social entrepreneurship. While still an undergraduate, in 2000 he co-founded Higher One, a disbursement and payment solutions company that offers student banking services, growing the company to over $200 milion in revenue, 750-plus employees, an initial public offering (IPO) and multiple acquisitions. He went on to launch two other venture-backed startups. More than 20 years after Higher One’s founding, Lasater funds tech startups with a social mission as the founding partner of Purpose Built Ventures and advises startups in their earliest stages. We caught up with Lasater to learn how aspiring entrepreneurs can access capital and precisely what investors are looking for in a business plan.

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@mileslasater

venturepatterns.com

Start. You can only steer once you are in motion. If you start doing something, you will already be setting yourself apart from so many ventures that cease to go beyond the idea stage.

EleVate Magazine

May 2021, Issue 1

PERSERVERANCE

ADVICE FOR STARTUPS   FOUNDER-TURNED-INVESTOR MILES LASATER


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