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Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake
Iconiq pursued Chime because the founders were focused, and didn’t get distracted by "shiny new objects."
He and his venture investing partner at Iconiq, Greg Stanger, spent two years watching and pursuing Chime before writing a check, Sull told TechCrunch. Chime positions itself as banking and credit-building resources for the average person and working class — the ironic opposite from Iconiq’s bread-and-butter wealth management business. Investor Shawn Carolan, from Menlo Ventures, wrote in his congrats blog post: “As with most consumer tech winners, what may have looked to some like an overnight success story was actually many hard years in the making.”
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