With $100m of dry powder, USAA is till in market. However one source was heard to say “USAA’s top priority now is defending itself from the types of startups that the venture program was working with, and investing in,”
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The Life, Death and Rebirth of USAA Ventures
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The group still is allowed to have up to $330 million invested at any one time. “If deals make strategic sense, they’ll make them,” says a source. “But I think the new team has fewer interest in really blowing the thing out and marching to their own drummer. They know what happened last time.”
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