Here's your Forbes Daily Briefing for Thursday, June 5th.

Today on Forbes, how this investor spots billion-dollar winners in boring industries.

As Chime CEO, Chris Britt sat in his San Francisco boardroom in 2015, he had a choice to make.

The next-gen banking company was getting ready to introduce a new

feature that rounds a transaction up to the nearest dollar amount and automatically transfers

the difference to your savings account. Britt was sure it would take the company to the next

level, extending its scope to more core banking features beyond rewards. The hitch, though, Brit told Forbes,

was that Bank of America was threatening to sue if Chime launched it. The 120-plus-year-old

bank had tried to thwart the startup by claiming it had similar patents, according to Satya Patel,

a partner at the venture firm Homebrew, who'd invested $1 million in the then-fledgling

Chime. Sitting in the meeting, Patel had some sage guidance for Brit. Do it anyway. He recalls telling

the founder, quote, there would be nothing better for a young startup than to be sued by Bank

of America, and for us and them to make a ton of noise about it.

Chime launched the feature, and it proved critical to the startup's growth in those early years.

Bank of America never sued.

Britt said, quote, Satya knew when to get into our business and where to push, and where to pull

back and let us do our thing.

It's a fine line.

Bank of America didn't respond to a request for comment.

The gutsy call exemplifies why Patel ranked number 14 on this year's Midas Seed list,

Forbes's annual ranking of venture capital's top early stage investors, which was released

near the end of last month. Patel refers to his broad philosophy as a VC as, quote, bottom-up

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