Ellie Cachette

Ellie Cachette
Cachette in 2021
Born (1985-03-17) March 17, 1985 (age 39)
Martinez, California, U.S.
EducationCalifornia State Polytechnic University, Humboldt (BA)
Occupation(s)Venture capital, philanthropy

Désirée "Ellie" Cachette (born March 17, 1985) is an American investor, philanthropist and author of Software Agreements for Dummies.[1] Cachette resides in Zurich, Switzerland.

Early life and education

Born in Martinez, California, Cachette was raised with her father who contracted HIV in the early-1980s as part of a group of Hemophiliacs who were infected by recalled pharmaceutical products. The recall affected 20,000 American hemophiliacs and 100,000 worldwide and settled in 1997 for 660 million dollars in damages to be paid to over 6,000 victims by Bayer Pharmaceutical and three other companies.[2] A single father, Terry Stogdell raised Cachette for most of her childhood before his death due to AIDS complications in 2002. A notable AIDS activist,[3] Stogdell was well-regarded as a public health advocate and part of the founding medical marijuana movement and crucial to gain support of 1996 California Proposition 215. Before his death, Stogdell testified as a part of United States v. Oakland Cannabis Buyers' Cooperative in support of legalizing cannabis for medicinal purposes in the state of California.[4]

At the age of fourteen Cachette received an award from the California State Senate for her efforts in public health initiatives. In 2003 at the age of seventeen Cachette received a scholarship for her work in community health from KRON-TV called "Beating the Odds."[5] She earned a Bachelor of Arts degree in political science from Humboldt State University in 2006, graduating one year earlier than her class.[6][7] In 2013 Cachette was awarded Notable Alumni by Humboldt State.[8] She currently serves as an advisor to Humboldt endowment programs.

Career

Cachette is a fund manager and investor in the venture capital space, her career starting in technical project management evolving to startup founder in 2010,[9][10] then venture consulting [11] and estimated to have switched full time to venture capital in 2016.[12] In 2018 Cachette publicly discussed moving to Europe and launching an $1BN planned investment fund-of-funds [13] in September 2019 an article by Bloomberg [14] highlighted questionable actions by Cachette surrounding her investment company, Cachette Capital. Cachette has not publicly responded to the media piece directly, although she gave a keynote in Barranquilla, Colombia after in December 2019 [15] and an interview in Romania January 2020.[16] Cachette's fund is not open to the public and said to have investments dating back to 2018.[17]

In March 2020 Cachette released an industry paper on the nuances of European venture capital growth and attributed most asset anomalies in Europe to investments being mainly backed by American capital yet recorded as "European growth".[18] She regularly blogs about venture capital as an asset class and is an outspoken supporter of "democratizing capital."[19]

Philanthropy

Cachette is a donor to Humboldt State University, Women2.0, Venture for America, Break The Cycle and multiple Jewish organizations. Cachette led a scholarship in her father's name at Humboldt State University with an endowment in the name of Terry L. Stogdell [20] said to provide scholarships to students pursuing public health.

In March 2021, Cachette donated funds for an investigative reporter in California backed by Jason Calcanis and found herself in controversy labeled as a "leader for ousting" 2021 San Francisco District Attorney Chesa Boudin[21] quoting Cachette in Mother Jones as stating "VC Lives Matter" in response to the city spread initiative to Recall Chesa. Immediately after publication Cachette denounced the quote on social media saying it was misused along with her name; a local backlash ensued since Cachette is not a resident of San Francisco.

On March 25, 2022 Cachette represented by counsel Cozen O'Connor filed a lawsuit against Mother Jones[22] in San Francisco, California. A public FOIA request specific to Mother Jones returned a connection between Mother Jones and Boudin's team.[23]

Cachette posted a statement to her personal website (since deleted) but has otherwise been silent on social media about the issue.

References

  1. ^ Software Agreements for Dummies
  2. ^ "CBG - KEYCODE BAYER 479". www.cbgnetwork.de. Retrieved 2020-05-22.
  3. ^ A notable AIDS Activist
  4. ^ "Declarations in Support of Defendants, US ND Court Case # C 98-0088 CRB (2000)" (PDF). Archived (PDF) from the original on 2005-05-24.
  5. ^ Capital, Cachette (2019-12-17), Beating the Odds: KRON Channel 4, retrieved 2020-05-22
  6. ^ "Ellie Cachette | Forever Humboldt". forever.humboldt.edu. Retrieved 2020-05-22.
  7. ^ "Humboldt Magazine | Humboldt State Honors". magazine.humboldt.edu. Retrieved 2020-05-22.
  8. ^ "Ellie Cachette". Giving. Retrieved 2021-04-20.
  9. ^ "Xconomy: ConsumerBell Aims to Make Product Recalls Less Painful for Manufacturers and Consumers". Xconomy. 2011-06-14. Retrieved 2020-05-22.
  10. ^ Schapiro, Rich. "Golden ladies of NYC: Female entrepreneurs find funding, community in New York". nydailynews.com. Retrieved 2020-05-22.
  11. ^ Cachette, Ellie (2012-08-22). "Finding the Right Investor". Inc.com. Retrieved 2020-05-22.
  12. ^ "Antreprenorii români învață să-și construiască un start-up de succes la Startarium Pitch Day alături de Ellie Cachette și Tal Catran". Forbes.ro (in Romanian). 2016-11-14. Retrieved 2020-05-22.
  13. ^ Andrei (2017-06-27). "Ellie Cachette - "Cluj is really making itself something to be proud of"". People of Transylvania. Retrieved 2020-05-22.
  14. ^ "The Elusive $1 Billion Fund That's Rattled Venture Capital". Bloomberg. 26 September 2019. Archived from the original on 2019-09-26. Retrieved 2020-05-22.
  15. ^ "Ecosistema de emprendedores abre el apetito de inversionistas". EL HERALDO (in Spanish). Retrieved 2020-05-22.
  16. ^ Vasiu, Oana (2020-01-23). "One of the smart kids: Ellie Desiree Cachette". Medium. Retrieved 2020-05-22.
  17. ^ "Form D SEC Filing Cachette Venture Partners I LP". SEC (in Spanish). Retrieved 2021-05-08.
  18. ^ "The $50BN Elephant". ELLIE CACHETTE. Retrieved 2020-05-22.
  19. ^ "The People's Money". ELLIE CACHETTE. Retrieved 2021-05-08.
  20. ^ "Terry L. Stogdell Public Health Scholarship - Humboldt State University". alumni.humboldt.edu. Retrieved 2021-04-20.
  21. ^ Michaels, Samantha; Kalish, Lil (2021-03-31). ""VC Lives Matter": Silicon Valley Investors Want to Oust San Francisco's Reformist DA". MotherJones.com. Retrieved 2021-03-31.
  22. ^ "Cachette v. Mother Jones et al" (PDF).
  23. ^ ""FOIA request Mother Jones et Boudin"" (PDF).
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