Jason Wenk and Mike Vichich Join Endeavor Detroit Board of Directors

Jason Wenk, Mike Vichich // Courtesy of Endeavor Detroit
Jason Wenk, Mike Vichich // Courtesy of Endeavor Detroit

Endeavor Detroit, an organization that promotes entrepreneurship, announced Jason Wenk and Mike Vichich have joined its board of directors to advance support for entrepreneurs across Michigan and the broader the Great Lakes region.

Endeavor provides customized support services, an unrivaled global network and peer-to-peer community to high-growth entrepreneurs. Wenk is the founder and CEO of Altruist and Vichich is the co-founder of Wisely.

“Jason and Mike have been aspirational role models for entrepreneurs throughout our global network,” says Diana Callaghan, managing director of Endeavor Detroit. “What they have achieved with their companies is extraordinary, and we are excited to have their entrepreneurial experience guiding our future efforts. Their insights and connections will help transform the experiences of those entrepreneurs who will shape the future of Michigan’s economy.”

Wenk has been involved in the Endeavor community since 2017, when he was selected to be an Endeavor Entrepreneur as the founder and CEO of Grand Rapid-based FormulaFolios, an asset management platform.

Over time, FormulaFolios would go on to rank as an Inc. Magazine fastest-growing private company four years in a row, reaching as high as No. 10 in 2017, achieving a three-year growth rate of 13,927 percent and managing more than $3.2 billion in assets. In 2019, Jason founded his most recent venture, Altruist, a fast-growing fintech startup that raised a $50 million Series B from Vanguard Group in 2021.

“It’s easy to have some self-doubt when scaling your first significant startup, but Endeavor connected me with great mentors, fellow founders, and an incredible investor network. My confidence and business both grew exponentially due to this network,” says Wenk.

Vichich was selected to be an Endeavor Entrepreneur in 2019 on the heels of his success growing Wisely, which was acquired by Olo in November 2021 for $187 million. Wisely is a customer intelligence platform that enables restaurant brands to personalize the guest experience.

In 2021 Wisely was ranked No. 300 on the Inc. 5,000 Fastest Growing Companies in America list. Vichich is now the vice president and general manager of customer engagement products at Olo.

“I deeply believe in the power of entrepreneurship to solve some of the biggest problems of our time. To that end, Endeavor has been the leader in inspiring, assisting and investing in global entrepreneurship for more than 20 years,” says Vichich. “I am honored to join forces with the next generation of entrepreneurs who are working hard to change the world.”

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