Justin Stevens

Justin Stevens is the Founder and CEO of Overlap Holdings. He has extensive experience in investment management, business building, finance, tech, operations, impact, sustainability, and corporate governance. Prior to founding Overlap, he was a Partner at Apollo Management, where he played a key role in a number of intrapreneurial efforts. He has also been an active investor in frontier tech markets and a formal Advisor to Impact America Fund.

What we learnt

Justin Stevens shared his company's mission to invest in frontier technologies with a "world positive" outlook. His interest in this area was sparked by his observations that many founders valued their experience in early and late-stage investing. He has since focused on several verticals, including life science, material science, climate, and robotics, all viewed through a "world positivity" lens.

He prefers the term "world positivity" over "impact investing" because it allows for investments that may not have a clear output or outcome yet, but could still have a positive effect on the world. He acknowledges that measuring success in these investments can be difficult, but stresses that the onus is on investors to articulate why they believe their investments are good for the world.

He emphasizes his preference for investing in companies that have impact as a core part of their business model, rather than just an add-on. Justin believes that if the business model is sound, there are more tailwinds than headwinds for impact-driven initiatives, with governments and customers often supporting the company.

Justin also expressed his desire to help accelerate positive technological change by enabling more founders in the frontier tech space through access to capital and guidance. He highlighted fundraising as the biggest area where founders need help, and revealed that his company uses a database to assist founders in finding the right investors for their companies. 

One of the key frustrations Justin noted was the disorganization in the funding landscape, especially for impact-focused investments. To address this challenge, Overlap Holdings offers support and guidance to founders to help them navigate this complex terrain and increase their chances of success.

If you had a magic wand…

What if we could create a central repository in the world of granting money?

Key quotes

‘I think that the beauty of impact is its alignment with your fundamental values. It's not just something you do on the side; it's a core part of your business model.’


‘If your business model is sound, the beauty of impact is that there aren't headwinds, but tailwinds. Governments don't regulate against you; they subsidize you. Customers are excited to use your product.’


‘The key in impact is not to try to boil things down to one number. Instead, have an honest dialogue between investors, their LPs, and their target companies so that everyone understands what they are driving to accomplish.’


‘The fortunate thing about frontier tech is that everybody has a kind of long-term vision, right? People know that it takes a long time to realize these investments, and founders know they're in for a long run. So you don't have the same kind of short-term grab that you do in things like crypto or software.’