Fintech VC powerhouse Frank Rotman stepping down from QED Investors to found his own startups

Prolific fintech investor and QED Investors co-founder Frank Rotman said Friday that he will transition to a partner emeritus role by year’s end to focus on founding his own startups. But those startups won’t necessarily be financial technology companies. In a post on X, Rotman — who helped start QED in 2007 — declared that “the first business” that he plans “on getting out of the ground is in the music industry.” He wrote: “It’s easy to call me crazy for all the obvious reasons, but it’s worth reserving judgment until you learn more about the business that’s evolved in my head and sat on the shelf for years. It will be fun to build and could actually make a huge difference to an industry that none of us could imagine living without.” Rotman started Alexandria, Virginia-based QED, which today has $4 billion in assets under management, nearly two decades ago with Nigel Morris and Caribou Honig. He led the firm’s investment in Credit Karma and played a role in QED’s investments in uni ... Read full article.