Foundation Capital: Difference between revisions
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{{Infobox company |
{{Infobox company |
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| name = Foundation Capital |
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| type = [[Privately held company|Private]] |
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| logo = Foundation Capital Logo.svg |
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| genre = |
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| foundation = {{start date and age|1995|10}} |
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| founder = {{unbulleted list|Bill Elmore|Kathryn Gould|Jim Anderson}} |
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| location_city = [[Palo Alto, California]] |
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| location_country = United States |
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| area_served = |
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| key_people = |
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| industry = [[Venture capital]] |
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| products = |
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| services = |
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| operating_income = |
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| num_employees = ~ 30 worldwide |
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| parent = |
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| divisions = |
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| subsid = |
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| homepage = [http://www.foundationcap.com www.foundationcap.com] |
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| footnotes = |
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| intl = |
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| intl = |
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'''Foundation Capital''' is a [[venture capital]] firm located in [[Silicon Valley]]. The firm was founded in 1995, and |
'''Foundation Capital''' is a [[venture capital]] firm located in [[Silicon Valley]]. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital.<ref>{{cite news|url=https://www.reuters.com/article/idUSN0746834620080407 |title=UPDATE 1-Foundation Capital raises $750 million fund |date=7 April 2008 |work=Reuters |access-date=2012-02-18}}</ref> As of 2023, the firm has over $6 billion in assets under management. |
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==History== |
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Foundation Capital has invested in approximately 200+ ventures over the course of the last 19 years, 23 of which have had successful initial public offerings. It currently maintains investments in around 80 companies. Most investments fall under the areas of consumer tech, fin-tech, mar-tech, energy, enterprise tech, and applications. Its partners have been members of the founding executive teams of Silicon Valley startups of the past two decades, with each having an average of 15 years of operating experience. The firm differentiates itself from other venture capital firms in that it takes a hands-on approach with its portfolio companies, offering operational and management assistance and counsel as well as investment capital. |
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Foundation Capital was founded in 1995.<ref name="TechCrunch">{{Cite web |last=Loizos |first=Connie |date=September 9, 2019 |title=Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments |url=https://techcrunch.com/2019/09/09/foundation-capital-now-24-years-old-just-closed-its-ninth-fund-with-350-million-in-capital-commitments/ |access-date=January 22, 2021 |website=TechCrunch |language=en-US}}</ref> |
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| ⚫ | The firm's Entrepreneur-in-Residence program |
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| ⚫ | The firm raised its seventh and at the time the largest fund of $750 million in April 2008.<ref>{{cite web|url=https://venturebeat.com/2008/04/07/foundation-capital-raises-750m-fund-claiming-focus-on-cleantech/ |title=Foundation Capital raises $750M fund, claiming focus on cleantech | VentureBeat |date=7 April 2008 |publisher=Deals.venturebeat.com |access-date=2012-02-18}}</ref> It was one of [[Netflix]]'s original investors.<ref>{{cite web|last=Levy |first=Ari |url=https://www.bloomberg.com/apps/news?pid=20601204&sid=aE6qkSD26c74 |title=Chegg Seeks to Become the Netflix of Textbook Rentals (Update1) |publisher=Bloomberg |date=2009-11-06 |access-date=2012-02-18}}</ref> |
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The firm's Young Entrepreneurs Program, now{{when|date=January 2016}} in its third year, builds relationships with top business schools nationwide to offer Foundation Capital access and exposure to promising entrepreneurs and startups through various MBA networks. Through the program, Foundation offers graduate students an opportunity to gain experience identifying promising startups, pitching ventures, providing analysis of the opportunities, and building constructive relationships. Members of the program have a background in technology or entrepreneurship, a strong interest in the field and a strong connection to the local entrepreneurship ecosystem. |
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In 2013 the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million.<ref name="TechCrunch"/> |
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Foundation Capital has invested in approximately 400+ ventures over the course of the last 28 years, 34 of which have had initial public offerings.{{Citation needed|date=May 2021}} It currently maintains investments in around 80 companies.{{Citation needed|date=May 2021}} Most investments fall under the areas of [[Financial technology|fin-tech]], enterprise software, and web 3. |
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[[File:Foundation-capital-logo.PNG|thumb|Previous logo]] |
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In 2019 Foundation Capital closed its ninth fund with $350 million in commitments<ref name="TechCrunch"/> and in 2022, closed its tenth fund with $500m in commitments after successful early investments in companies like [[Solana (blockchain platform)|Solana]], Turing, Eightfold, [[Cerebras]] and [[Generative artificial intelligence]] startup Jasper.<ref>{{Cite web |last=Lorek |first=Laura |date=2022-10-23 |title=Jasper.AI is Austin's Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation |url=https://www.siliconhillsnews.com/2022/10/22/jasper-ai-is-austins-newest-unicorn-raising-125-million-at-a-1-5-billion-valuation/ |access-date=2023-12-17 |website=SiliconHills |language=en-US}}</ref> |
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==Programs== |
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| ⚫ | The firm raised its seventh and largest fund of $750 million in April 2008.<ref>{{cite web|url= |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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[[Category:Venture capital firms of the United States]] |
[[Category:Venture capital firms of the United States]] |
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[[Category:Companies based in Menlo Park, California]] |
[[Category:Companies based in Menlo Park, California]] |
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[[Category: |
[[Category:Financial services companies established in 1995]] |
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[[Category:1995 establishments in California]] |
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Latest revision as of 09:42, 16 August 2024
 | This article needs additional citations for verification. (January 2018) |
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| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | October 1995 |
| Founder |
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| Headquarters | , United States |
Number of employees | ~ 30 worldwide |
| Website | www.foundationcap.com |
Foundation Capital is a venture capital firm located in Silicon Valley. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital.[1] As of 2023, the firm has over $6 billion in assets under management.
History
[edit]Foundation Capital was founded in 1995.[2]
The firm raised its seventh and at the time the largest fund of $750 million in April 2008.[3] It was one of Netflix's original investors.[4]
In 2013 the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million.[2]
Foundation Capital has invested in approximately 400+ ventures over the course of the last 28 years, 34 of which have had initial public offerings.[citation needed] It currently maintains investments in around 80 companies.[citation needed] Most investments fall under the areas of fin-tech, enterprise software, and web 3.
In 2019 Foundation Capital closed its ninth fund with $350 million in commitments[2] and in 2022, closed its tenth fund with $500m in commitments after successful early investments in companies like Solana, Turing, Eightfold, Cerebras and Generative artificial intelligence startup Jasper.[5]
Programs
[edit]The firm's Entrepreneur-in-Residence program selects several candidates to incubate, train, and graduate, challenging them to develop a solid business plan for an emerging technology.
References
[edit]- ^ "UPDATE 1-Foundation Capital raises $750 million fund". Reuters. 7 April 2008. Retrieved 2012-02-18.
- ^ a b c Loizos, Connie (September 9, 2019). "Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments". TechCrunch. Retrieved January 22, 2021.
- ^ "Foundation Capital raises $750M fund, claiming focus on cleantech | VentureBeat". Deals.venturebeat.com. 7 April 2008. Retrieved 2012-02-18.
- ^ Levy, Ari (2009-11-06). "Chegg Seeks to Become the Netflix of Textbook Rentals (Update1)". Bloomberg. Retrieved 2012-02-18.
- ^ Lorek, Laura (2022-10-23). "Jasper.AI is Austin's Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation". SiliconHills. Retrieved 2023-12-17.
External links
[edit]- Conversation on Entrepreneurship with Kathryn Gould, co-founder of Foundation Capital (Feb. 2015), Stanford Entrepreneurship Corner
