Rayyan Islam and Kerem Ozmen are millennials betting on making it big in early-stage investing. But unlike many of their peers, they’re eschewing Silicon Valley startups in favour of companies looking to transform the not-so-sexy world of industrials.
New York-based 8090 Industries is still small, with about $250 million invested to date across roughly two-dozen businesses. But it’s rubbing shoulders with some of the biggest players in global finance. “They’re not trying to play the Silicon Valley game,” said Rausing, whose family has a combined fortune of about $28 billion across two branches, according to the Bloomberg Billionaires Index. “They are unique.”
Read More: A 27-Year-Old Is Taking On Big Banks to Lure Mega-Rich Families ADVERTISEMENT: CONTINUE READING BELOW “Founders wanted to work with us,” said Ozmen, who also co-founded 8090 Partners, another billionaire-backed firm that invests outside the industrials industry. “We knew if we executed this right, we could build a perpetual flywheel.”