"Last year, her worlds collided when she decided to launch her own fund, Sugar Free Capital, a firm that focuses on investing in technical founders from MIT. She nabbed LPs, including the family offices of heavy-hitting tech executives from companies like Nvidia and Citadel, and on Monday announced the closing of Sugar Free's $32 million inaugural fund. One premise of the fund is found in the name."
"She kept referring to investment opportunities as being "too sugary, in the sense that valuations were too high," she told TechCrunch. From there, she started thinking about the innovation of the past few years and how it was focused on optimization. "But we are really entering the age of intelligence," she said. She designed a thesis around the idea that capturing the age of intelligence would require two things: technical founders, predominantly those with a "systems engineering mindset," which is what MIT brings."
Sheena Jindal grew up in Boston, attended MIT, worked at the Boston Consulting Group, launched and worked at startups, and invested at Bessemer and Comcast Ventures. She launched Sugar Free Capital and closed a $32 million inaugural fund with LPs including family offices connected to executives at Nvidia and Citadel. The fund name reflects concern that 2021 valuations were "too sugary." The thesis targets MIT technical founders with systems-engineering mindsets to capture the age of intelligence and emphasizes concentrated bets among a select group of winners. The MIT focus leverages a white space of few MIT early-stage investors. Jindal plans to make roughly 15 early-stage investments and has already backed four companies.
Read at TechCrunch
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