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Taavet Hinrikus

Taavet Hinrikus is an entrepreneur and investor who was Skype’s first employee, co-founded the cross-border payments company TransferWise (now Wise) in 2010, and co-founded the early-stage venture capital firm Plural in 2022.

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Key facts

Skype’s First Employee

In 2002 Hinrikus joined Skype as its first employee; he later served as director of strategy until 2008, gaining experience in product and company building.⁠[1][2]

Co-founding TransferWise and INSEAD MBA

In 2010 Hinrikus co-founded the money transfer company TransferWise, later renamed Wise; the team began building in 2010 and launched the first version in early 2011. He served as CEO of TransferWise and later as chairman of Wise.⁠[1][2]

He studied for an MBA at INSEAD as part of the December 2010 class (MBA’10D).⁠[2]

Appearance on the a16z Podcast

The episode discussed how more areas of life, from music to travel to rides, have become extensions of the smartphone, and why and how banking and finance, from paying back a friend to refinancing a mortgage, are set to catch up. It was uploaded to the a16z YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry channel on January 1, 2019.⁠[3][4]

Wise’s Direct Listing

In 2021 Wise went public in London through a direct listing, the first in Europe; the company has since grown to more than 3,000 employees.⁠[1][5]

Co-founding Plural

On June 27, 2022, Hinrikus, Ian Hogarth, Sten Tamkivi, and Khaled Helioui announced Plural, an early-stage venture firm with a €250 million fund that planned to lead early rounds of up to €10 million, focusing on climate, health, the future of governance (such as DAOs), and reducing opportunity gaps. By the announcement it had invested in 14 companies, including Feather, NFTPort, Field, Ready Player Me, and MOS.⁠[5]

Hinrikus said: “We're the investors we would have liked to have when we were building our own companies.”⁠[5]

On Plural’s team page, his listed investments include OLIX, CoMind, Teton, and Starship Technologies.⁠[1]

Angel Investing

Hinrikus has made more than 100 angel investments, including Bolt, Zego, Veriff, Gideon Brothers, Meatable, and Farewill, some of them under the “Taavet+Sten” angel brand he shares with Sten Tamkivi.⁠[2][5]

Related Organizations, Websites, and Public Accounts

Sources

  1. Taavet Hinrikus (opens in a new window)
  2. Taavet Hinrikus MBA’10D (opens in a new window)
  3. a16z Podcast: When Banking Works Like My Smartphone (opens in a new window)
  4. a16z Podcast | When Banking Works Like My Smartphone (opens in a new window)
  5. These four iconic European founders plan to kick the asses of VCs who never started a company (opens in a new window)