Sidney Scott

Sidney Scott, Head of Special Projects at Handwave

Sidney Scott is currently the Head of Special Projects at Handwave, a technology company. He has an extensive background in entrepreneurship, product development, and investing in the tech industry.

Professional Experience

• Head of Special Projects at Handwave (Present)
• Former General Partner at Driving Forces, a deep tech venture capital fund he founded in 2020 that invested in companies like SpaceX, OpenSea, Workstream, and Cart.com1
• Former Product Leader at Apple and Amazon3
• 2x Exited Founder of companies with over $250M in total value3

Education

• Attended Massachusetts Institute of Technology (MIT)2

Notable Achievements

• Driving Forces achieved a net internal rate of return exceeding 30% during Scott's tenure as General Partner1
• Played a key role in establishing the premier deep tech network at Driving Forces, collaborating with companies such as M12 (Microsoft's Venture Fund), Intel Capital, and First Round Capital1

Despite the strong performance of Driving Forces, Scott recently made the decision to shut down the fund due to increasing competition for a small number of deep tech deals and potential overinflation in valuations.1 He remains optimistic about venture capital and hard tech companies in general but cautions against the rapid expansion in deep tech investing.1