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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Family Office Investor: How the Hyatt Family Office stays fully invested through turmoilCNBC's Robert Frank sits down for an interview with Hyatt Family Office principal Michael Hyatt to discuss his start in tech entrepreneurship and how he's keeping his portfolio fully invested through volatility.
Persons: Robert Frank, Michael Hyatt Organizations: Office, Hyatt Family
Family offices more than doubled their direct investments in startups last year to more than $120 billion, remaking the venture-capital landscape and launching a new wave of family-office funded entrepreneurs. Single family offices invested $123 billion in direct venture capital deals last year, up from $55 billion in 2020, according to a report from SVB Capital. There are now more than 10,000 family offices worldwide — most created over the past decade — with over $6 trillion in assets under management. In-house deal teams "Family offices are leaning in to the venture asset class," said Shailesh Sachdeva, managing director of SVB Capital's Family Office practice. As they balloon in size and sophistication, family offices are becoming deal powerhouses in their own right.
Persons: Shailesh Sachdeva, SVB, Sachdeva, Younger, Joe Stadler, Stadler, Mark Ang, Michael Hyatt, Hyatt barraged Ang, Ang, Hyatt Organizations: SVB, UBS, UBS Global Wealth Management, University of Toronto, Hyatt Family, Hyatt Locations: Canadian
Successful entrepreneurs often make unsuccessful investors when they sell their companies and become full-time family office chiefs instead, according to a leading family office founder. "It's humbling," said Michael Hyatt, a software entrepreneur and principal of the Hyatt Family Office. "You need to fall on your face and realize that if you're a great entrepreneur, you're likely a pretty bad investor. Hyatt, 48, co-founded and sold two software companies — Dyadem and BlueCat Networks — before launching the Hyatt Family Office in 2017. While he declined to comment on the size of the Hyatt Family Office, industry experts estimate its current assets at between $400 million to $600 million.
Persons: Michael Hyatt, Hyatt, I've, Vanguard ETF's Organizations: Hyatt Family, BlueCat Networks, Family, Hyatt Family Office, Hyatt, Vanguard, Google, Microsoft, Apple Locations: BlueCat,
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