Rick Desai

Managing Partner, Listen Ventures
Former founder who built and sold FanGo to Grubhub, Rick Desai brings a hands-on operator perspective and conducts ethnographic consumer diligence: 26+ hours of interviews plus kitchen and in-store observations.
How to contact Rick Desai
Stages their fund invests in
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Sectors their fund invests in
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Avg Check
$250K - $5M
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Does their fund Lead?
Yes
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Rick Desai
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Sectors their fund invests in
Consumer
Health
CPG / D2C
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Avg Check
$250K - $5M
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Leads?
Yes
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About Rick Desai

Rick Desai is a former founder who built and sold e-commerce company FanGo to Grubhub before becoming a full-time investor, bringing an unusually hands-on operator perspective to his venture capital work at Listen Ventures. He's known for his deeply researched, ethnographic approach to consumer deals—spending 26+ hours on interviews and doing kitchen and in-store observation work himself before writing checks—rather than relying purely on financial analysis.

Rick Desai's Interests

What they've been talking about across their social media accounts
  • Deeply passionate about sports with a strong loyalty to Michigan football, Detroit professional teams, and historically dominant athletes. A founder could easily connect over college football, as demonstrated by advocacy for Aidan Hutchinson to win the Heisman trophy, or vintage basketball, such as highlighting the late eighties Detroit Pistons championship runs against elite opponents.
  • Highly focused on consumer trends and the fundamental belief that a strong brand directly drives a company enterprise value. Demonstrates a keen interest in cultural shifts that dictate buyer behavior, specifically pointing out emerging spaces like the non alcoholic beverage market and actively following analysts who provide deep ecommerce consumer insights.
  • Very supportive of peers within the venture ecosystem, particularly those driving diversity and making a local impact in the Chicago area. Regularly uplifts co investors publicly, such as praising Samara Hernandez for her work on mutual portfolio companies like Dame Products and Sigo Seguros, and celebrating ecosystem leaders for guiding the local tech community.
  • Dedicated to portfolio companies that solve information asymmetry and shift power back to everyday consumers. Frequently champions mortgage transparency by promoting the startup Own Up, noting that traditional lenders rely on false urgency and hidden data to overcharge borrowers who do not shop around for better rates.

About their Fund

Listen Ventures

Sectors
Consumer, Health, CPG / D2C
Rounds
Seed - Series A
Avg Check Size
$250K - $5M

Listen Ventures is a Chicago-based consumer venture capital firm founded in 2010. Listen invests $250K - $5M at Seed and Series A, typically for 5-20% ownership, in consumer packaged goods and DTC digital health and wellness brands, and prefers to lead. The firm makes roughly 10-12 core investments per fund and backs each one with in-house creative, consumer research, AI, and platform teams.

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