by Dan Reynolds seems like an unlikely venture capitalist.\
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As the lead singer of the multi-platinum rock band Imagine Dragons, he has toured the world, performed for millions of fans, and topped music charts. But behind the scenes, Reynolds has also been quietly building an impressive investment portfolio.
Reynolds grew up in Las Vegas, Nevada where his father worked as a real estate developer. At a young age, he developed an interest in business and finance by watching his father run deals and manage properties. After high school, Reynolds attended Brigham Young University where he studied business management. It was during college that he co-founded Imagine Dragons with some fellow students.
The band’s success skyrocketed after the release of their multi-platinum debut album Night Visions in 2012. But even as Imagine Dragons toured the world, Reynolds continued to nurture his passion for investing. He began by investing in real estate in and around Las Vegas, buying apartment complexes and single-family homes. According to sources close to Reynolds, these early investments earned him sizable returns within a few years.
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Emboldened by his success, Reynolds began to branch out and invest in startups. He used some of his music earnings to become an angel investor, putting money into dozens of early-stage companies across various sectors. While most of these investments were relatively small, some turned out to be home runs for Reynolds.
For example, Reynolds was an early investor in Anthropic, an AI safety startup that has since gone on to raise over $100 million from prominent VCs. He also put money into Ring, the smart doorbell and security camera company that was eventually acquired by Amazon for over $1 billion. Other notable investments reportedly include Lyft, 23andMe, and Warby Parker.
Reynolds’s success as an angel investor eventually caught the eye of Veritas Investments, a multifamily investment firm based in Los Angeles. In 2019, the company recruited Reynolds to become a Senior Managing Director and Head of Capital Markets, a role that allows him to manage investments while also touring with Imagine Dragons.
In his new position, Reynolds oversees capital raising, debt placement, and equity syndication for Veritas. He helps the firm acquire and develop apartment complexes across the U.S., primarily in high-growth markets like Austin, Nashville, and Raleigh. According to Veritas, Reynolds has been instrumental in expanding the company’s investor base and sourcing attractive financing options.
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While Reynolds’s day job now involves managing large real estate portfolios, he continues to make angel investments on the side. His diverse investment portfolio now spans real estate, AI, fintech, e-commerce, and transportation startups.
Reynolds’s unusual journey from rockstar to venture capitalist shows that success in one field does not preclude others. His early passion for business and investing, nurtured through watching his father, set the stage for him to build wealth through multiple channels. And his celebrity status has arguably opened doors that are closed to most investors.
As Imagine Dragons continues to tour the world and top the charts, Reynolds is also quietly working to build his investment portfolio and manage capital for Veritas. His story shows that with enough passion and drive, an unconventional career path can lead to unexpected success. For Dan Reynolds, the journey from lead singer to venture capitalist has been a surprising, yet lucrative, one.
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