Quick take:
- The 30-year old venture firm, which started investing in Crypto in 2014, says its strategy is focused on backing founders at “day zero.”
- According to Foundation, 80% of its investments take place before the target projects generated a single dollar of revenue.
- The firm says its network of talent, customers, and domain experts can help founders in making trajectory-shifting decisions.
Foundation Capital, a venture capital firm focused on backing early-stage tech startups, has launched its 11th fund. The $600 million new fund targets early-stage crypto, fintech and AI projects, the firm posted on a blog post.
The 30-year-old early Solana backer started investing in Crypto in 2014, and maintains that its focus on backing founders at “day zero.”
“For us, early doesn’t simply mean early-stage. It means being there at day zero, side by side with founders as they tackle their earliest and most fundamental challenges. Sometimes that means spending many months ideating with a founder at the whiteboard before their company has a name,” Foundation wrote in a blog post.
According to the firm, 80% of its investments take place before the target projects generated a single dollar of revenue. The company has established a network of talent, customers, and domain experts that it uses to “support founders in making trajectory-shifting decisions.”
“Creating something from nothing is never straightforward. It’s messy, imperfect, and relentless work. But when you’ve been with a founder from the very beginning, you develop a deep sense for not only what they have been through, but also what they have yet to become,” says Foundation.
According to the company, its investment strategy focuses more on the people behind a project, adding that it is more excited to partner with the next generation of founders “to help them create what’s next.”
“Conviction, not consensus, motivates each of our investments. We look for what we call “zero-billion-dollar markets” – opportunities that don’t appear in industry forecasts because they’re only visible to those who see beyond what exists today.”
Apart from being an early Solana Labs investor, Foundation Capital also invested in Binance U.S., OpenSea, MoonPay, Algorand, Stacks, BCB Group and Helius, among others.
Rodolfo Gonzalez, general partner at Foundation Capital invited projects seeking funding via an X post saying: “If you’re a seed stage founder working in crypto, fintech or enterprise AI, come talk to us.”
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