As it turns out, asset management is a really good business. There are tens of trillions of dollars in assets being managed in the US across hedge funds, alternatives, mutual funds, and traditional financial advisors. With management fees generally ranging from a fraction of a percent to 2%, this means hundreds of billions of dollars…| Scale Venture Partners
Scale invested in BILL in 2013 just as the company was crossing $10M of ARR. A decade later, BILL is a leading public company and as of the end of fiscal year 2023 transacted payment volume of approximately 1% of the US GDP. We were early believers in CEO and founder René Lacerte and have…| Scale Venture Partners