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The 2015 Fintech Finance 35: James Robinson III and James Robinson IV, RRE Ventures
No. 1



Robinson III &
James
Robinson IV
When RRE Ventures was new, in 1994, so was the commercial Internet. The firm easily commandeered rre.com as its web address and became a fixture in New York City’s venture capital community, which at the time was not nearly in the same league as Boston and Silicon Valley. But New York had something those locales didn’t: a concentration of large corporations, including financial industry giants, with growing appetites for innovation. And RRE had James Robinson III, who retired as chairman and CEO of American Express Co. in 1993 and could both open doors to the Fortune 500 and arrange introductions to technology entrepreneurs with whom he was getting acquainted as an angel investor. Robinson, whose 80th birthday is November 19, raised the investment stakes with RRE, which he, as general partner, co-founded with two managing partners: his son James Robinson IV and Stuart Ellman. James IV and Ellman, now 53 and 49, respectively, were Harvard Business School classmates who started a company that developed a touch-screen ordering system for stadiums that was ten years ahead of its time. Their timing as leaders of RRE’s nine-member investment team has vastly improved. The portfolio is a diversified set of technology, media and consumer plays, including such fintech disrupters as online lender OnDeck Capital, financial management service NerdWallet and a host of Bitcoin/blockchain investments, directly and through a relationship with Digital Currency Group (see Barry Silbert, No. 13). RRE has also invested in Ellman’s specialty of robotics (Jibo) and in space (Spaceflight Industries and Spire Global). “Most everything we look at has a 20-year gestation — we’re even seeing that in digital currency,” says James IV, underscoring the long view and patient perspective informing the firm’s more than $1.5 billion in investments. “If all you do is chase what’s hot, you’ll go wrong.” His father admits to pooh-poohing cryptocurrency, then “doing a 180,” in part thanks to Adam Ludwin, who worked at RRE from 2010 until early 2014. Ludwin co-founded Chain, a blockchain start-up now working closely with, among others, Nasdaq and First Data Corp., a company James III acquired while at American Express. RRE backed Ludwin early, and in September, James III joined Chain’s board.
![]() 2. Jane Gladstone Evercore Partners ![]() 3. Matthew Harris Bain Capital Ventures ![]() 4. Steven McLaughlin Financial Technology Partners ![]() 5. Jonathan Korngold General Atlantic |
![]() 6. Richard Garman & Brad Bernstein FTV Capital ![]() 7. Amy Nauiokas & Sean Park Anthemis Group ![]() 8. Thomas Jessop Goldman Sachs Group ![]() 9. Meyer (Micky) Malka Ribbit Capital ![]() 10. Hans Morris Nyca Partners |
![]() 11. Maria Gotsch Partnership Fund for New York City ![]() 12. Marc Andreessen Andreessen Horowitz ![]() 13. Barry Silbert Digital Currency Group ![]() 14. Jay Reinemann Banco Bilbao Vizcaya Argentaria ![]() 15. Mariano Belinky Santander InnoVentures |
![]() 16. François Robinet AXA Strategic Ventures ![]() 17. Vanessa Colella Citi Ventures ![]() 18. Alan Freudenstein & Gregory Grimaldi Credit Suisse NEXT Fund ![]() 19. Justin Brownhill & Neil DeSena SenaHill Partners ![]() 20. Rodger Voorhies Bill & Melinda Gates Foundation |
![]() 21. Michael Schlein Accion International ![]() 22. Kenneth Marlin Marlin & Associates ![]() 23. Rumi Morales CME Ventures ![]() 24. Mark Beeston Illuminate Financial Management ![]() 25. Vladislav Solodkiy Life.SREDA |
![]() 26. Fabian Vandenreydt Innotribe SWIFT ![]() 27. Derek White Barclays ![]() 28. Alex Batlin UBS ![]() 29. Jeffrey Greenberg & Vincenzo La Ruffa Aquiline Capital Partners ![]() 30. P. Howard Edelstein REDI Holdings |
![]() 31. Nektarios Liolios Startupbootcamp FinTech ![]() 32. Roy Bahat Bloomberg Beta ![]() 33. Andrew McCormack Valar Ventures ![]() 34. Lawrence Wintermeyer Innovate Finance ![]() 35. Janos Barberis FinTech Hong Kong |