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Desiree Vargas Wrigley

Chief Innovation Officer & Executive Director of TechRise by P33 Chicago and Latina serial founder of GiveForward, Pearachute, & The Josephine Collective. Passionate about the intersection of impact and innovation.

I build products and programs that live at the intersection of profit and progress. I'm currently building something in semi-stealth that I ambitiously hope will transform our region's venture ecosystem, one layer of the capital stack at a time.

More about me:

I'm am innovative problem-solver who loves building businesses that matter. I started Pearachute to solve a need I had personally, which was that as a busy mom, I wanted an easy way to spend more quality time with our children during these fleeting years. I wanted to feel more present with them during the time I had and I wanted to make sure we were doing things that connected us to friends and our community.

Previously, I co-founded GiveForward, one of the world's first crowdfunding platforms. Over my seven years there, we helped hundreds of thousands of families raise more than $190 million and at our peak had 1/10th of U.S. adults visiting our site annually. I learned so much through our multiple rounds of funding (Angel, series A, venture debt, and strategic), and I am grateful for the opportunity to take those lessons to those I mentor and to my next adventure.

I am passionate about how technology can make the world a smaller and more connected place. I subscribe to the belief that every one of us can take small actions that change someone's world. As a believer in the Conscious Capitalism movement, I'm deeply committed to maximizing stakeholder value and creating a workplace that elevates every team member. I'm an active mentor to other entrepreneurs and enjoy sharing the lessons we've learned along the way as a panelist or keynote speaker.

If there's a common thread to my career it's that I like to build solutions that help people feel less isolated and bring resources together to maximize outcomes. I'm currently bringing my passion for equity and inclusion to P33 where, with the help of our corporate partners, we'll help overlooked founders and funders get the support they need to launch and thrive.

I am the mother of two young boys, Griffin and Aedan, and stepmom to Danielle, and proud wife to a Chicago Police Officer.

Profile photo credit: James Gustin & Fig Media

Highlights

Aug 27 · linkedin

Sharing in case anyone is interested!

Aug 1 · linkedin

🎉 Big announcement! I'm building a new fund for Chicago & IL called the Velocity Catalyst Fund!

"Velocity" (for short) will be a $50M hybrid fund designed to anchor high potential pre-seed startups and emerging fund managers in Chicago & Illinois’ most critical industries to produce market leading returns for our investors and accelerate the flow of capital in our ecosystem.

It's a hybrid fund, but unlike other similar funds (think Sequoia or Tiger Global) that go upstream for access to pipeline and dealflow, Velocity is going downstream to maximize returns by investing directly in pre-seed startups (where the multiples are highest) and simultaneously investing in the seed stage emerging fund managers that can provide our startups with the follow-on funding they need to scale.

In the future, I'll be sending out community updates like this one via paperstreet, so please subscribe if you'd like to be updated on our progress as we raise and get to our first close.

https://lnkd.in/e_MqTWvb

Please do also cheer on Jessie Casey who has joined me to bring Velocity to life!

And now for some light FAQ's.

🙋‍♀️ What does this mean for your work at P33? The short answer is that Velocity has been incubating in P33, and I will continue to support our team until Velocity's first close. At that point, I will likely transition into an advisory role. TechRise isn't going anywhere :)

🙋‍♂️ When will you start writing checks? As much as I'd love to start today, we still have to raise the fund. But if you're a founder or fund manager in Illinois, please do tell us more about what you're working on here: https://lnkd.in/ezzaCZQh and here https://lnkd.in/eU8u5xnU

🙌 How can I help you? Thanks so much for asking! One of the most helpful things you can do is add a testimonial below. If we've worked together, I've funded you, you've funded me, I've helped you find a job, mentored you, or taught you, I'd so appreciate you sharing some thoughts on why I'm the person to bring this to life.

The second way you can help is by introducing us to potential investors. We're really excited to talk to accredited investors who believe that Chicago can be an economic powerhouse for generations to come. [email protected]

P.S. We are doing 506c :)

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Experience

Chief Innovation Officer & Exec Dir of TechRise at P33 Chicago
VP at P33 Chicago

Education

Bachelor of Arts (B.A.), Latin American Studies, Yale University

Location

United States