While VC firms rarely make decisions like this, it's precisely what we planned to do when we started Foundry in 2006. From our founding, we intentionally decided not to build a legacy or generational firm - one meant to live beyond the tenure of the founding partners.
The move raises questions for its portfolio companies. Foundry says it will continue to invest out of its newest fund, but for founders, accepting capital from a firm that is winding down is a risk.
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