Riley Newman

General Partner, Wave Capital
Riley Newman is an early Airbnb data-science leader who built and ran its data team, now focusing on marketplaces with rigorous, data-driven evaluation and uncommon access to Airbnb alumni talent.
How to contact Riley Newman
Stages their fund invests in
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Sectors their fund invests in
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Avg Check
$25K - $1M
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Does their fund Lead?
No
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Geos their fund invests in
USA
Riley Newman
Stages their fund invests in
N/A
Sectors their fund invests in
Marketplaces
Consumer
SaaS
Enterprise
Ecommerce
N/A
Avg Check
$25K - $1M
N/A
Leads?
No
N/A
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Industries
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About Riley Newman

Riley Newman was one of Airbnb's first 10 employees and its first data scientist, where he built the data function from scratch and later ran the entire data science team, giving him deep expertise in marketplace dynamics and growth. At Wave Capital, he focuses specifically on marketplace investments and actively leverages the Airbnb alumni network to back founders from that ecosystem, bringing both rigorous data-science evaluation methods and unusual access to Airbnb's talent and knowledge base.

About their Fund

Sectors
Marketplaces, Consumer, SaaS, Enterprise, Ecommerce
Rounds
Pre-Seed - Series A
Avg Check Size
$25K - $1M

Wave Capital was explicitly conceived as the "Airbnb mafia" fund, setting out to back marketplace startups founded by Airbnb alumni and turn that alumni base into an organized, compounding network advantage. The fund runs a concentrated, high-involvement model with roughly 18–20 companies per fund where partners lead nearly every round and take board seats, spending disproportionate time on marketplace design, data, and strategy with each team.

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