Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets.

In this episode, host Samir Kaji welcomes Logan Allin, Founder and Managing Partner of Fin Capital. Logan shares his journey in FinTech venture investing, emphasizing the importance of specialized, domain-specific investment strategies. Focusing on B2B fintech software, Logan discusses how his firm differentiates itself by maintaining a tight investment focus, leveraging their proprietary AI platform Lighthouse, and bringing deep industry expertise to venture capital. He argues that specialist investors can generate better returns by understanding nuanced market dynamics, accessing unique deal flow, and providing more targeted support to founders. The conversation also explores the challenges of firm building, the role of technology in scaling venture operations, and the benefits of becoming a Registered Investment Advisor. Samir and Logan share the need for a strategic approach to venture investing that prioritizes deep knowledge, technological innovation, and a disciplined investment methodology in the rapidly evolving FinTech landscape.

About Logan Allin

Logan Allin is the Founder and Managing Partner of Fin Capital, a global fintech-focused venture capital firm. With a career spanning management consulting and executive roles in financial services, Allin has consistently focused on the intersection of finance and technology. Before establishing Fin Capital, he served as Vice President at SoFi Ventures, where he led investments in fintech companies and managed SoFi's accelerator and corporate development initiatives. His earlier roles include Head of Strategy at Atlantic Trust (now part of CIBC) and Senior Vice President at City National Bank's wealth management division. Allin began his career in management consulting, holding leadership positions at Capgemini, EMC Corporation, and PwC, focusing on financial services and technology.

Fin Capital is a global venture capital firm specializing in B2B fintech software investments. Founded in 2018, the firm partners with repeat founders and seasoned entrepreneurs from pre-seed stages through to IPO, focusing on transformative financial technology solutions. Fin Capital has invested in over 50 leading startups, including nine unicorns such as Pipe, Tradeshift, Greenlight, Unqork, DailyPay, Figure, Numbers, BrainTrust, and SoFi. The firm has also achieved significant exits, including Onfido (acquired by Entrust), Salt Labs (acquired by Chime), and Neuro-ID (acquired by Experian), demonstrating its ability to identify and support successful B2B fintech companies.

Topics in this conversation include:

* Logan Allin’s Background and Entry into Fintech (1:14)

* Founding Fin Capital and Initial Fundraising (3:02)

* Specialists vs. Generalists in Venture Capital (7:38)

* Challenges of Specialist Fund Performance Over Time (11:44)

* Fund Size, Performance, and Market Competition (15:04)

* Venture Capital Product Stratification and LP Perspectives (20:32)

* Venture Liquidity Cycles and Exit Strategies (26:13)

* Structuring Teams for Early Stage vs. Growth/Secondary Investing (30:29)

* Lighthouse: Building Proprietary AI for Venture Investing (33:40)

* The State of GP Tech and Building Lighthouse (36:57)

* The Importance and Impact of Becoming an RIA (40:58)

* Innovation in Venture: Secondaries, Retail Access, and Derivatives (44:45)

* Lessons Learned: Firm Building and Hiring (47:32)

* Final Thoughts and Takeaways (49:53)

Disclosures

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