Building Better: Drive Capital & Forge Biologics

Welcome to the NVCA Blog series, Building Better, where we celebrate the dynamic relationship between our VC members and their innovative portfolio companies around the nation. For today’s Building Better, we spoke with Molly Bonakdarpour, Partner at Drive Capital, and with Timothy Miller, CEO, President, and Co-Founder of Forge Biologics, a Drive Capital portfolio company. Learn about their partnership in the Q&A below!

Drive Capital: Molly Bonakdarpour

Give us some background on Drive Capital: How did the firm start, what is Drive’s mission and how does the firm strive to meet its goals?

The idea for Drive started during the transition to cloud computing where our founders saw first-hand that it was cheaper than ever to start a technology company. This reframed for them where companies should be built thus our thesis “build where you’re strongest”.

When Drive started in 2013, our focus was on the Midwest as a great place to “build where you’re strongest”. The Midwest has 150 of the Fortune 500 companies, the fourth largest GDP in the world, and incredible universities with access to talent. All these factors played a role in planting our roots in Columbus. We now have $1.2B under management across three venture funds and one expansion fund. As we iterate on this thesis, we are thinking about the advantage’s geography can give a company vs. deciding to build a company in one place or another.

What does Drive look for in a partner when choosing to invest in a (Read more...)