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Monday, July 13, 2020
Mon, Jul 13th, 2020
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Ashton Kutcher
Partner
A-Grade Investments, Sound Ventures
THE LATEST: In May, Kutcher and Sound Ventures together with YouTube star Michelle Phan contributed to the $3 million seed round for Lolli, an ecommerce startup that doles out bitcoin rewards to shoppers when they purchase through the platform. Kutcher and wife Mila Kunis also announced the launch of their Oregon Pinot Noir "quarantine" wine, with 100% of sales profits going to Covid-19 relief efforts. The initial 2,000 bottles sold out in eight hours.
BACKGROUND: Having made a successful transition from actor to venture capitalist, Kutcher was an early investor in Uber, the ride-hailing app that went public in May 2019. Kutcher has invested in multiple high-profile tech startups, both individually and with investment funds. He co-founded A-Grade Investments in 2010 with entertainment executive Guy Oseary and billionaire investor Ron Burkle. Kutcher and Oseary launched Sound Ventures in 2015. Other notable early investments by Kutcher include Skype Inc. and Airbnb Inc. Kutcher began his career as a model before joining the FOX sitcom "That '70s Show." He has starred in numerous TV shows and movies.
YEARS ON THE LA500: 5
Return to the 2020 edition of the LA500.
