Former Acting Comptroller Michael Hsu has become a venture partner of Core Innovation Capital.
The Los Angeles VC firm said in a press release that Hsu will partner with founders to anticipate regulatory hurdles, engage constructively with policymakers, and “design strategies that align innovation with safety, soundness, and fairness.”
“After years focused on safeguarding the financial system, I’m thrilled to now help build the innovations shaping its future,” Hsu said in the release. “As Acting Comptroller, I had a front-row seat to both the promise and the pitfalls of financial innovation. Now with Core VC, I have the opportunity to take that experience and work directly with entrepreneurs who are building platforms that expand access, lower costs, and create trust at scale.”
“Michael’s leadership at the highest levels of financial oversight gives our portfolio a rare advantage in regulated markets, and we’re excited to continue building businesses that create both systemic inclusion and durable financial returns,” Arjan Schütte, Core Innovation Capital’s founder and managing partner, added.