How I Made It: Billionaire’s right-hand man Chris Hollod on becoming a big fish in a big pond
The gig: Chris Hollod, 33, is venture capital partner at billionaire Ron Burkle?s private equity firm Yucaipa Cos. They?ve traveled together for the last five years, with Hollod as the frontman on evaluating thousands of start-up investment opportunities.
Hollod oversees Inevitable Ventures, backed by Burkle and musician D.A. Wallach. Inevitable?s portfolio includes Common, Thrive Market and 8i ? which are seeking to reimagine industries such as hospitality, groceries and entertainment that brought Burkle his fortune. The magnate?s personal investments in start-ups such as meal-maker Munchery also run through Hollod.
They partnered with actor Ashton Kutcher and Madonna manager Guy Oseary on investment firm A-Grade. By backing Uber, Airbnb, Spotify, Nest and Chegg, A-Grade?s value has grown to $250 million, or about nine times the principal.
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