From Food Stamps to a $20 Million Fund with Nichole Wischoff
From Food Stamps to a $20 Million Fund with Nichole Wischoff  
Podcast: The Peel with Turner Novak
Published On: Wed Oct 25 2023
Description: Nichole Wischoff is the founder of Wischoff Ventures, a Pre-Seed and Seed firm that invests up to $1 million in non sexy industries. Nichole closed her first fund in 2021, and previously was an early employee at Blend (NYSE:BLND), One (acquired by Walmart in 2022), and Built. — Brought to you by Secureframe, the automated compliance platform built by compliance experts. Sign-up here: https://bit.ly/3Sif1PH — Topics discussed include: • Growing up on food stamps in Arkansas • How studying abroad in Belgium changed Nichole’s life • How falling in love with running got her into college and her first job • Why Taylor Swift could be the first female President • Opening a bakery to pay rent while teaching English in Spain • Getting her first job at Citi’s non-profit housing financing team • Leveraging that experience to get a job in fintech • Making her first angel investment in Vesta • How Nichole got One Financial its first 25k users • Helping sell One Financial to Walmart • How Lee Fixel and Chad Byers helped raise her first $5m fund • Lessons learned going from a $5m to $20m fund in 2022 • Nichole’s advice for anyone raising their first fund • Behind the scenes of her viral “Third Tier VC” moment — Referenced: •Taylor Swift (Acquired’s Version): https://www.acquired.fm/episodes/taylor-swift-acquireds-version • Nichole’s $20m Fund Announcement https://techcrunch.com/2022/12/16/solo-gp-nichole-wischoff-raises-20m-fund-backed-by-peter-thiel-to-invest-in-unsexy-businesses/ • J Cal’s “3rd or 4th Investor in Uber” Montage: https://www.youtube.com/watch?v=OK4Mku_s4H4 — Where to find Nichole: • Twitter: https://twitter.com/NWischoff • LinkedIn: https://www.linkedin.com/in/nicholewischoff • Wischoff Ventures: https://www.wischoff.com/ — Where to find Turner: • Newsletter: https://www.thespl.it • Twitter: https://twitter.com/TurnerNovak • Banana Capital: https://bananacapital.vc — Production and distribution by: https://www.supermix.io — Want to sponsor the show? https://docs.google.com/forms/d/e/1FAIpQLSebvhBlDDfHJyQdQWs8RwpFxWg-UbG0H-VFey05QSHvLxkZPQ/viewform