September Update from Teamworthy Ventures

New Investment

We are proud to support CEO Eric Kinariwala and the entire talented team at Capsule in their mission to build a better, kinder, smarter, faster pharmacy. Capsuledelivers your medication whenever you need it, anywhere in New York City. Capsule is always free, and your copay will not change. Join the Capsule team!

August / September 2018 Updates from Our Entrepreneurs

Capsule Raises $50M to Modernize The Pharmacy Experience - Interview with Capsule CEO Eric Kinariwala: "At Capsule, we have obsessed over what it means to rebuild the pharmacy experience to meet the modern consumer’s rapidly evolving expectations, giving our customers the control over their healthcare that they have come to expect in every other part of their life. Our unique model provides access — in person, by phone, SMS, chat, or email — to the timeless warmth and expertise of a pharmacist who is using technology to view your full health record. And our trackable two-hour delivery windows eliminate all of the inefficiencies of both conventional mail order and traditional brick and mortar pharmacies. We have created a new, holistic pharmacy model that meets people exactly where they want to be." Join the Capsule team

SeatGeek Teams With Lyft to Drop Fans Closer to Their Seats - A new partnership between SeatGeek and the ridesharing company Lyft will ensure that fans are being dropped off near the gate closest to their seats. As part of the deal, fans who request a Lyft ride through the SeatGeek app will automatically have their seat location featured in the Lyft app, which will then direct Lyft drivers to the closest gate. “Our partnership with Lyft is a perfect example of what openness can do for fans, and what has been lacking in this industry,” said SeatGeek Co-Founder Russ D’Souza, in a statement. “This is innovation that will noticeably improve the fan experience, as we look for more ways to make it easier to access and enjoy live events.” SeatGeek views this Lyft partnership as a first step in many plans to improve the experience for fans traveling to major stadiums for live events. It claims that fans could save as many as 30 minutes by no longer having to wander around the stadium after being dropped off on the opposite side. The partnership, which kicks off next season at Major League Soccer’s Portland Timbers’ Providence Park, also gives Lyft riders exclusive discounts when booking from the SeatGeek app. Join the SeatGeek team

Toast Integrates with BevSpot to Streamline Food and Beverage Industry Operations - Toast, the fastest-growing restaurant management platform in the U.S., today announced its integration with BevSpot — the only all-in-one food and beverage inventory management and ordering solution available globally — to empower restaurants and bars with sales performance insights to make smarter, more profitable decisions. The out-of-the-box integration combines item-level point-of-sale data from Toast with inventory and ordering details available in BevSpot without the need for spreadsheets, uploads, or exports.  "Toast simplifies our operations by combining POS, front of house, back of house, and guest-facing technology on a single restaurant management platform,” said Heather Lynch, general manager, Bar Mezzana. “BevSpot's seamless integration through the Toast API Partner Program simplifies inventory management and will empower us to focus on delivering the best dining experience possible versus spending extra time reconciling back-end data.” Join the Toast team

Virtru achieves SOC 2 Compliance Certification - The SOC 2 principles of confidentiality, security, and availability align with our commitment to data-centric security. Virtru is focused on more than protecting data shared in emails and files: we want to protect our users’ privacy. Virtru believes that everyone should have control of their data. In pursuit of that vision, we strongly support compliance standards like SOC 2, which provide independent, third-party validation that appropriate security controls are in place. Email encryption matters to businesses, but privacy matters to everyone. Virtru’s SOC 2 compliance milestone aligns to our commitment to security best practices as we build a world where businesses and consumers can retain full control of their data. Join the Virtru team

PLAY VIDEO: Empower your employees with trust, says Boxed CEO Chieh Huang, in this preview for his upcoming TED Talk. Join the Boxed team

Denver's Top Tech Jobs - For Ibotta, the recruiting focus swings heavily on culture, not “gimmicks” like on-tap kombucha, founder and CEO Bryan Leach said. The Denver-born business, which provides cash back rewards to shoppers who log purchases in its free mobile app, employs 550 people around the world, close to 500 in Denver alone. “Ultimately, we care about what the people who work here think about our mission to improve the lives of millions of consumers by saving them time and money, precious resources they can turn into food, health care, education and shelter,” Leach said. “I think especially younger people want to feel the moral relevance of their work, so mission is very, very important.” It doesn’t hurt that Leach is advertising seven straight years of growth exceeding 40 percent at Ibotta. “Winning is something people want to be part of,” he says. Join the Ibotta team

How G2 Crowd Wants to Stop Billions in Wasted Software - Nobody likes to waste anything--whether it’s leftover food, time sitting in traffic or, least of all, unused software sitting on a data center shelf. With this thought comes the following data point, one that came to the fore this week: U.S. companies wasted a whopping $30 billion last year on software that went unused. That’s $259 annually per user, as calculated by 1E, a security consulting firm. G2 Crowd, an online platform for users to share business software reviews in real time, has taken it as a personal challenge to stop--or at least curtail--the buying of software that will never get used in production. G2 Crowd’s first quarterly Momentum Grid Report, launched Aug. 15, is aimed to assist line-of-business buyers in selecting software packages that will meet their needs now and in the future. This new report series identifies trending products based on a proprietary algorithm to help buyers plan for the future, the Chicago-based company said. Join the G2 Crowd team

Factual Case Study: Back to School Location Strategies - Understanding the life stages of your target audience is key for creating A+ targeting strategies for your back to school marketing efforts. To help you ace your campaigns, Factual put together the ‘study guide’ below for the best location strategies. Join the Factual team

NUAIR Selects AirMap to Provide UTM Services for UAS Corridor - AirMap will provide UAS Traffic Management (UTM) services for the nation’s first UTM 50-mile test corridor being built in New York for beyond visual line of sight (BVLOS) testing. The Northeast UAS Airspace Integration Research (NUAIR) Alliance is currently building that corridor between the Griffiss International Airport in Rome, New York, and Syracuse. “NUAIR Alliance is excited to bring in AirMap to power the test corridor with leading-edge UTM services,” said Major General Marke F. “Hoot” Gibson, chief executive officer of the NUAIR Alliance. “Their global expertise is essential in accelerating the work we’re doing to advance UAS technologies.” Join the AirMap team

2018 Renoviso Home Improvement Scholarship Winner - Congratulations to the 2018 Renoviso Home Improvement Scholarship winner – Evan Mizerak of Brown University. The prompt for the competition was: “If you were a homeowner, what’s the one home improvement project you’d choose to complete and why?” Essays were judged based on content, style, and creativity. Evan’s essay was selected among close to 1000 applicants to win the $2000 prize. Join the Renoviso team

Using an Income Share Agreement to Afford College - Vemo Education CEO Tonio DeSorrento says some schools offer ISAs as a form of financial aid to help students "come there and stay there," since the cost of college can exceed the federal student loan limit for undergraduates; the maximum amount most undergraduates can take out in subsidized and unsubsidized direct loans is set at $31,000 by the Department of Education. At Messiah College, students who opt for the school's ISA will pay between 3 and 3.5 percent of their future income for a set period of time. Payments are waived if a graduate's salary drops below $25,000 a year. Other schools design their ISA agreements to target specific segments of their student population. At Norwich University, ISA agreements are only available to students who would have relied on the now-defunct federal Perkins loan program and/or undergrads who have exceeded four years of institutional aid, grants that help reduce the cost of attendance. Norwich CFO Lauren Wobby says the military college introduced its ISA to reduce financial barriers and increase degree completion. Learn more about Income Share Agreements and Vemo Education

A Money Saving Bot That’ll Make You Say, ‘Wow, That Was Easy’ - Saving money should be easy. Automate it with Trim. Trim users saved over $1,000,000 in the last month. I love that you can get your saving results in less than a minute. I effortlessly linked my financial accounts and Trim went to work and I saved $200 easily. Join the Trim team

Read newly published journal articles on in Computer ScienceHealth SciencesComputational Biology, and more.  Join the Academia team

Job Opportunities in Our Network

Chief Financial Officer at Ibotta

Director of Product at MealPal

Vice President, Finance at RaiseMe


Senior Software Engineer at RaiseMe

Android Engineer at Ibotta

Software Engineer at Worksmith

Senior Front End Engineer at Capsule

VP of Data Science at Boxed

Senior Software Engineer at Ibotta

Software Engineer (SG Open) at SeatGeek

Software Engineer at Imagen

Senior Mobile Engineer at

Platform Engineer at Ibotta

Full Stack Software Engineer at Lively

Full Stack Developer at Renoviso

Software Engineer at Trim


Director of Marketing Analytics at SeatGeek

Senior Paid Marketing Manager at Toast

Growth Marketing Director, SEM at SeatGeek

Senior Manager at Renoviso

City Launcher at MealPal

District Partner Associate at RaiseMe

Growth Marketing Manager at Carta


Head of Sales Operations at SeatGeek

Director of Business Development at Ibotta

Sales Manager at Capsule

National Partnerships Executive at MealPal

Account Manager at Worksmith

Business Development Manager at

National Partnerships Executive at MealPal

Director of Business Development, Enterprise at Factual

Sales Manager at Renoviso

Business Development Representative at Renoviso

Outside Sales Executive, Seattle at MealPal

Partner Success Associate at RaiseMe

Account Executive at BridgeAthletic


Director of Product Management, Shopper Experience at Ibotta

Product Manager - Primary Ticketing at SeatGeek

Lead Product Manager at Trim

Senior Product Manager at

Senior Product Manager at Ibotta

Product Designer at Trim


Director of Talent Acquisition at Ibotta

Director of Talent Management at Ibotta

Teamworthy Career Opportunities

We are seeking new Summer and Full-time Associates to join our investment team at Teamworthy Ventures.

Why should I apply for a position as an Associate at Teamworthy Ventures?
The best reason is that you enjoy anticipating ways to help others flourish and thrive in their work. You should enjoy reading, writing, and speaking with others about their ideas, projects, opportunities, and challenges. You should be interested in pursuing personal and team excellence in the work described here.

We are grateful for your introductions to talented and trustworthy candidates. A complete position description and application instructions are available on our website.  

Stephen Schmalhofer