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Former Tesla and Lyft Executive Launches ETF Firm

Posted on December 6th, 2024 at 1:22 PM
Former Tesla and Lyft Executive Launches ETF Firm

From the desk of Jim Eccleston at Eccleston Law

Jon McNeill, a former executive at Tesla and Lyft and co-founder of venture firm DVx Ventures, has partnered with ETF pioneer Adam Patti to launch VistaShares, an asset management firm specializing in ETFs centered on artificial intelligence and electrification. AdvisorHub reports that VistaShares will target “supercycles” — transformative, long-term trends in technology that disrupt existing economic models.

DVx Ventures, which McNeill co-founded after leaving Lyft in 2019, has created over a dozen companies across industries like software-as-a-service, electric vehicles, and AI. Unlike traditional venture firms, DVx develops its portfolio companies in-house rather than investing in external startups. VistaShares will be DVx's first venture into asset management.

AdvisorHub opines that thematic ETFs, such as those focusing on AI and electrification, face an uphill challenge in attracting investors, especially as interest rate hikes have recently strained growth stocks. However, VistaShares aims to stand out by tapping into these high-impact trends, positioning itself in a competitive and fast-evolving sector of the asset management industry.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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