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Vest

Vest

Bringing wider access to financial derivatives.

Vest, on a mission to bring wider access to financial derivatives, manages investment products worth $10+ billion (as of December 31, 2022). Backed by private equity, the firm has a strategic partnership with Cboe Global Markets, Inc. (NASDAQ: CBOE), and First Trust, a global asset manager. Vest created Target Outcome Investments in 2013, which target a defined return profile, with an allowance for a specific level of risk, at a particular point in time. Today, Target Outcome Investments are available as mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), collective investment trusts (CITs), and customizable managed accounts / sub-advisory services. The firm was launched and backed by preeminent venture firms such as Y-Combinator (Airbnb, Reddit, Dropbox), Payment Ventures (MicroVentures, CardFlight) and First Round Capital (Uber, Mint, Square). See more at https://www.vestfin.com.

Vest
Founded:2012
Team Size:25
Location:McLean, VA
Group Partner:Michael Seibel

Active Founders

Karan Sood, CEO

Financial engineer

Karan Sood
Karan Sood
Vest

Jeff Chang, COO

Jeff Chang
Jeff Chang
Vest

Selected answers from Vest's original YC application for the W15 Batch

What is your company going to make? Please describe your product and what it does or will do.

Vest is a site that offers personalized “Protected Investments“ which combines the safety of a savings account and the growth potential of equity.

Investment Banks exclusively offers this today to their high net worth clients.

We will offer this to everyone by disintermediating the banks using a combination of financial engineering and technology.