Derive Ventures is a venture capital firm investing in the advancement of travel, hospitality and leisure.
We are targeting companies raising early-stage capital in core travel sectors as well as sectors tangential to travel with innovative business concepts, ideas and technology. Travel is a massive, complex industry and Derive is built to help entrepreneurs navigate the evolving landscape.
Derive is founded by alumni of Thayer Ventures and KSL Capital Partners, two leading travel and hospitality investment firms.
The pandemic has created incredible opportunity for innovation in the travel space and Derive is building a platform to capitalize on those opportunities.
Tyler is a Managing Partner and Co-Founder of Derive Ventures. Prior to launching Derive, Tyler was an investment professional at Thayer Ventures. Thayer is the preeminent leader in early-stage travel and transportation investing and has invested in several standout companies since formation in 2009 including, Sonder, Mews, Life House and Snap Travel. Tyler was the first and only hire during his four year tenure and was responsible for diligence and execution of investments, operations and fund management, in addition to consulting and research for both limited partners and portfolio companies. Tyler was an integral part of the SPAC team, Thayer Ventures Acquisition Company (NASDAQ: TVAC), and the announced acquisition of Inspirato for approximately $1bn. Tyler started his career at Bank of America Merrill Lynch focusing on Software and Online Travel in the TMT investment banking division. Tyler holds a B.S. in Commerce from University of Virginia’s McIntire School of Commerce.
Mike is a Managing Partner and Co-Founder of Derive Ventures. Prior to launching Derive, Mike was an investment professional at KSL Capital Partners. KSL is a global leader in travel and leisure investing and has raised approximately $15 billion of capital and invested in over 100 businesses since formation in 2005. At KSL, Mike was responsible for sourcing, underwriting and asset managing equity investments in North America hospitality, Mexico & Caribbean all-inclusive resorts, timeshare, travel distribution, alternative accommodations, gaming and public equities. Mike started his career at J.P. Morgan’s Investment Bank in the Real Estate, Gaming and Lodging group. Mike holds a B.B.A. from The University of Michigan’s Ross School of Business.