Two New Social Leverage Investments and Transforming Hiring

The Social Leverage Letter | Issue #141

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Ribbon.ai's (Fund IV) new Recruit AI feature leverages artificial intelligence to streamline the phone screening process, saving time and money for businesses. By automating phone screens, it allows candidates to complete screenings at their convenience and provides recruiters with valuable insights, enhancing efficiency and ensuring fair evaluations for better hiring outcomes.

Howard announces our second investment in the amateur sports trend with Commonwealth (Fund IV), a platform that allows fans to invest in their favorite athletes and teams. Commonwealth, known for backing the Kentucky Derby winner Mage, is expanding from horse racing into golf and tennis, making sports investing accessible and engaging for fans.

Matt announces our latest investment in 11th Estate (Fund IV), a company that helps people claim financial settlements effortlessly by connecting their investment portfolios. In 2023, $8.1 billion in securities class action claims were settled, with approximately 75% going unclaimed due to lack of awareness and cumbersome processes. 11th Estate leverages data and AI to automate claims, benefiting clients, businesses, and the company itself by making it easier to recover unclaimed funds.

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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.