If you follow the Sacramento technology scene or read the Sacramento Business Journal, you’re probably familiar with one of the more successful startups in our region, Riskalyze, based in Auburn, who closed a $20 million Series A round last year. Riskalyze was founded by CEO Aaron Klein along with his investor friend Mike McDaniel in 2011 when they realized that investing was broken and that there wasn’t an objective way to define the amount of investment risk an individual investor can tolerate. Using a Nobel Prize-winning framework, they developed complex algorithms to calculate the individual risk fingerprint of each and every investor. This patented Risk Number technology empowers investment advisors to capture a quantitative measurement of client risk tolerance, and build a portfolio to match it
The Riskalyze team walked away with the Sacramento Region Innovation Award in the software category at last year’s awards and I met with Justin Boatman, VP of Marketing & Communications, prior to a meeting of judges for this year’s Innovation Awards. Check it out to learn more about Riskalyze, their experience winning last year’s award, their thoughts on judging this year’s awards, thoughts on the Sacramento startup and innovation community, and all about ‘FinTech in the foothills’ in this interview with Justin. Oh, yeah, and they’re also hiring. Watch the video below or scroll further down to find the audio-only podcast to listen to during your commute or workout.