""We invest in the frontiers of math and science and physics, and we like to celebrate math in our fund numbers as well," James Joaquin The firm's first fund was $123,456,789, and the second was $191,919,191 (a palindromic number that reads the same forward and backwards). The third was $271,828,182 (which mathematicians and engineers instantly recognize as e, or Euler's number), while the fourth fund, announced in mid-2022, continued the tradition as another palindrome at $355,111,553."
""If you haven't guessed it by now, the meaning of Obvious Ventures newest fund size is a little less about geeky math and more about the firm's investing philosophy. Twelve years into its journey, Obvious says the figure represents a full-circle perspective on its three broad focus areas: planetary health, human health, and economic health. "We love the metaphor of taking a 360-degree view in each of those areas," Joaquin said."
Obvious Ventures closed a fifth fund sized at $360,360,360, continuing a pattern of math- and palindrome-inspired fund amounts. The firm frames the number as symbolizing a 360-degree view across three focus areas: planetary health, human health, and economic health. The firm emphasizes studying past outcomes to inform investment choices and deliberately keeps fund sizes modest so a single durable public-company winner could return the entire fund. Obvious Ventures cites meaningful cash distributions to limited partners and several successful public-market exits, and it notes both the highs and subsequent volatility of early winners such as Beyond Meat.
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