Drata's origin lies in the internal tools the founders built at their previous company, Portfolium. They created the software out of necessity to prove their security posture to university clients, later realizing this solution addressed a widespread, manual problem for all companies.

A core, non-obvious value ReSeed provides its Limited Partners is radical standardization. By forcing all operators to use the same underwriting models and reporting formats, they solve a major analytical challenge for family offices, enabling true "apples-to-apples" deal comparisons across markets.

Recognizing the friction in accessing private markets, Apollo spent $1 billion from its balance sheet on wealth tech. This strategic investment aims to improve the underlying infrastructure for the entire industry, acknowledging that a better ecosystem benefits all participants, not just themselves.

The most successful multi-generational family offices treat their operations with the same rigor as a formal business. This includes defined structures, clear missions, and motivating family members, rather than just passively managing wealth.

Serving thousands of individual investors requires a huge investment in "nuts and bolts" infrastructure for administration, processing, and reporting. This operational complexity and cost, not client-facing apps, is the primary hurdle for GPs entering the retail space, moving from analog processes to complex digital systems.

Before diving into investments or structures, the first step for a family office is creating a mission statement. This document codifies what the family stands for, how the wealth was created, and its intended purpose, serving as the guiding principle for all subsequent decisions.

Investment funds rely on manual processes and siloed data managed by fund admins. Hanover builds a central ERP to ingest all data (decks, emails, accounting). This allows partners to make critical decisions by directly querying their portfolio data via an LLM, bypassing slow, human-in-the-loop email requests to an admin.

The tech industry creates first-generation wealth at an unprecedented rate, yet there's a lack of services to help these individuals navigate its complexities. Unlike inherited wealth, they lack pre-built support structures, creating a significant business opportunity to serve this group.

A massive, multi-trillion dollar wealth transfer is making family offices more institutionalized and eager to diversify into alternative investments like life sciences. Luba Greenwood points to this as a significant, often overlooked fundraising channel for biotech companies seeking direct investment.