Portfolio manager Dan Kelley’s mandate is to invest in founder-led companies because founders aren’t afraid to think outside of the box, are innovative in how they do business and are focused on a unique long-term vision. An entrepreneurial spirit, commitment to the business, focus on innovation, and long-term incentive alignment with shareholders are common qualities of corporate founders that may lead to a company’s success. Dan shares how Fidelity Founders Class came to be as an internal pilot 5 years ago, with Fidelity portfolio managers and quantitative analysts looking at the growth trends of founder-led companies. Dan defines what a founder-led company means to him, and how he is a “growth at a reasonable price investor, with a focus on mispriced growth”.

Recorded on January 13, 2021.