Foundation Capital has recently raised a $600 million flagship fund, marking a significant rebound from its previous fund size reductions. This growth is attributed to its commitment to seed stage investing over 30 years, maintaining a focused strategy rather than diversifying into multi-stage investments. General partner Steve Vassallo emphasizes the firm's unique market vision, targeting emerging sectors like AI and blockchain. Notable portfolio successes include Cerebras and Solana. Foundation's approach involves identifying innovative founders and markets that do not yet exist, fostering disruption in various industries.
Most firms that have been around for 30 years have typically gone multi-stage, multi-geography, multi-strategy. We instead have stayed very focused on the early stage.
We look for what I call '$0 billion' markets in enterprise, AI, FinTech and crypto. These are markets that don't even exist until founders will them into being.
Collection
[
|
...
]