Shine Capital announced that Elie Seidman has joined the firm as a venture partner, expanding his role after serving as a senior advisor since 2021. The firm said Seidman will remain based in Austin, Texas, as Shine looks to broaden its presence in what it described as a fast-emerging technology ecosystem.
In his new position, Shine said Seidman will lead investments and serve on the boards of portfolio companies, while continuing to advise founders across the firm’s portfolio. Shine said it currently manages $575 million and is investing out of its third early-stage fund.
Shine, founded by Mo Koyfman in 2020, said it leads inception, seed, and Series A financings and continues backing companies as they scale. The firm said it maintains offices in New York and San Francisco and has recently been associated with fundraising rounds for portfolio companies, including Antares, AudioShake, Turnout, and Numerai.
Seidman was the former CEO of Tinder and a former CEO of OKCupid. Shine said that during his tenure at Tinder, he led a scale-up from $300 million in annual revenue to more than $1.1 billion. The release also noted earlier entrepreneurial work founding Epana and Oyster, as well as advisory roles with General Atlantic Partners’ technology group and Lime Rock Partners.
KEY QUOTES
“For the past twenty-five years, I have been lucky to call Elie a friend, a mentor, and a colleague. Elie’s lived experience as a technology entrepreneur and chief executive is only matched by his integrity and wisdom. Elie is an essential voice in our partnership and an invaluable resource to founders across the most critical components of company building: strategic planning, capital allocation, and talent management. We are thrilled to expand Elie’s role at Shine, which adds more consumer heft to our team, deepens our presence in the emerging Austin ecosystem, and, most importantly, enhances our ability to serve entrepreneurs.”
Mo Koyfman, Founder and General Partner, Shine Capital
“Having spent the last two decades building and leading technology businesses, it is gratifying to now serve as a mentor and advisor to exceptional entrepreneurial talent. Shine has grown deliberately over the last five years, and I am thrilled to deepen my commitment to the firm and the entrepreneurs we partner with.”
“I have led startups and at-scale technology companies, which helps me empathize deeply with entrepreneurs navigating the arduous journey of company building. I am incredibly impressed by Shine’s intentional approach to investing and partnership, but mostly by the exceptional group of people around the Shine table. The team is a unique combination of smart, wise, direct, and kind. I am excited to play an even bigger role in helping the firm produce outstanding results as a partner of choice to the most ambitious entrepreneurs.”
Elie Seidman, Venture Partner, Shine Capital
