Wharton FinTech
Published in

Wharton FinTech

Andrew Lerner, Managing Partner of IA Capital Group — Investing in the Future of Mass Markets

Miguel Armaza sits down with Andrew Lerner, Managing Partner of IA Capital Group, a New York-based private investment firm and manager of the Inter-Atlantic funds, that’s dedicated to partnering with innovative entrepreneurs in venture and growth capital across InsurTech and FinTech.

Andy has been at the company since 1995 and is responsible for the day-to-day activities of IA Capital, and is a member of its investment committee. He holds a Bachelors in Electrical Engineering and Computer Science from Princeton University and an MBA from our amazing Wharton School

Full interview → Spotify | Soundcloud | Apple

We talked about

  • Andy’s background
  • What drove him to fintech VC in the mid-1990s
  • His take on the evolution of the fintech industry
  • The advantages of being in an industry with meaningful tail winds
  • Why he’s excited about InsurTech for the foreseeable future
  • Importance of Financial Empowerment, along with diversity and inclusion
  • Why he prefers backing young entrepreneurs and thinks experience is overrated
  • The effects of COVID on their portfolio
  • And much, much more!

Andrew Lerner

Andrew Lerner is Managing Partner of IA Capital Group, where he has been employed since 1995. Mr. Lerner is responsible for the day-to-day activities of IA Capital, and is a member of its investment committee. In 2000, he launched IA Capital’s venture capital business which is now the firm’s core activity. Mr. Lerner was also President and Managing Director of Guggenheim Securities, LLC, IA Capital’s former broker-dealer business, until 2003. Mr. Lerner is a Director of Homeowners of America, SMArtX, Crown Global Insurance Group, Credit Sesame, Wellthie, Boost, SmartAsset, Gainfully, and Matic. Mr. Lerner has over 25 years of experience in the financial services industry. Prior to joining IA Capital, he served as an investment banker in the Financial Institutions Group of Smith Barney Inc. for four years and in its Mortgage and Asset Finance Group for two years. Mr. Lerner holds a B.S.E. in Electrical Engineering and Computer Science from Princeton University and an M.B.A. in Finance from The Wharton School, University of Pennsylvania. He serves as a director of Transportation Alternatives.

About IA Capital Group

IA Capital is the longest-tenured independent venture capital firm focusing on insurtech. Based in New York City, IA Capital has a two-decade track record of successfully partnering with innovative early and growth stage companies in insurance and — more broadly — financial services. IA is currently investing in its sixth, seventh, and eighth venture capital funds and manages strategic venture capital programs for 15 insurers. Learn more at iacapgroup.com.

Previous Episodes You May Enjoy:

Frank Rotman, Founding Partner at QED Investors — Past, Present, and Future of Fintech!

Anish Acharya, General Partner at Andreessen Horowitz — Doubling Down on Fintech

B2B Venture Investing with Evgenia Plotnikova, Partner at Dawn Capital

AWS Fintech’s Kathryn Van Nuys on Empowering the World’s Top Startups

Innovation for the Emerging Middle Class — Christine Kenna, Partner at IGNIA

Steve Sarracino, Founder of Activant — Fintech Investing, Driving Growth, and Staying Vigilant!

InsurTech Trends and Opportunities — Steve Pretre, Partner at World Innovation Lab

For more FinTech insights, follow us below:

Wharton Fintech

Website | Medium | Twitter | LinkedIn | Facebook | Instagram

Miguel Armaza

Twitter | LinkedIn

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Miguel Armaza

Miguel Armaza

🎙Co-President/Podcast Host @WhartonFintech. Fintech investor @ Gilgamesh. 📚MBA/MA Candidate @Wharton/@LauderInstitute. Author of Fintech Leaders Newsletter✍️