Nick Beim

Thoughts on the Economics of Innovation

Steve Lockshin’s Vanilla Raises $11.6m from Venrock and Michael Jordan

Steve Lockshin’s latest startup has received its biggest vote of confidence yet. Vanilla, the RIA entrepreneur’s automated estate planning company, has raised roughly $11.6m through a Series A funding round. Venrock, a venture capital firm founded in 1969 by members of the Rockefeller family, is the round’s lead investor. Other participants in the Series A funding round include former Vanguard chief executive Bill McNabb, Altruist chief executive Jason Wenk, and Michael Jordan, the billionaire owner of the Charlotte Hornets who is widely considered to be the greatest basketball player of all time. McNabb is taking a seat on Vanilla’s board of directors, as is Nick Beim, a partner at Venrock.