Josh is a General Partner and one of Dawn's founding team, having helped build the firm from day one in 2006. He leads investments across fintech and financial software, and was the driving force behind both iZettle and Tink, two of Europe's two largest fintech M&A exits ever. Josh has also shaped the team and culture that define Dawn today.
I helped to found Dawn in 2006, when I was twenty-eight. Over the last twenty years, I have had the privilege of working alongside founders through every phase of the cycle: the rallies, the corrections, the moments of genuine doubt and the breakthroughs that follow. That long view has shaped how I think about the role of an investor and a board member.
One thing it has taught me is that very few outcomes - very few company trajectories - are straightforward. The companies that go on to define a category almost never travel in a straight line. iZettle and Tink, the two realised Dawn investments I am proudest of, both navigated periods that felt existential before becoming Europe's largest fintech M&A exits. The real skill in venture is not cheerleading when everything is going up and to the right. It is having the experience to recognise a tricky period for what it is, and the judgment to help a founder steer through it.
Before Dawn I spent five years at McKinsey advising Fortune 500 financial institutions. Before that I studied maths at Oxford, and then economics and game theory at Cambridge and Harvard. I enjoyed the rigour but wanted the applied side: real decisions, real consequences, real people building real businesses. I have never looked back.
At Dawn, alongside investing, I have led the building of our team. I chose our office. I have interviewed every person we have ever hired.
As the founders we back know, culture is not a slogan on a wall; it is the accumulation of hundreds of small decisions about who you bring in and how you work together. Getting that right has been one of the most rewarding parts of the last two decades.
Outside of work, I chair the City of London School Charitable Trust, and am a benefactor of the Almeida Theatre. I have two young daughters who keep everything in perspective, and I try to run about a thousand kilometres a year, which keeps everything else in check.
Prior to Dawn, Josh worked at McKinsey & Company. He studied economics and game theory at Oxford, Harvard and Cambridge Universities.