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★ Forbes 30U30 2016✅ Convicted
MIKE ROTHENBERG
Rothenberg Ventures · 2016
Investor fund misappropriation / wire fraud
Mike Rothenberg founded Rothenberg Ventures, a seed-stage VC that raised ~$47M. He became known for lavish SXSW parties. A 2016 Forbes investigation revealed he had misappropriated millions in LP funds to finance personal expenses, events, and River Studios — a VR company he secretly owned. He was convicted of wire fraud, money laundering, and securities fraud in 2022 and sentenced to 30 months in federal prison.
Raised
$47M
Outcome
🔒 Prison
Prison
3 yrs
Investors
Family officesLimited partners