Founder Collective barrels forward, closing its fourth and newest fund with $85 million – TechCrunch
Founder Collective, a seed-stage fund formed 11 years ago in Cambridge, Ma., has closed its newest fund with $85 million.
Earlier today, we talked with the firm’s general partners — Eric Paley, David Frankel, Micah Rosenbloom — to learn more about it. Among our first questions: whether the three are themselves the largest investors in the new vehicle, as was the case with the firm’s third fund, which closed with $75 million in capital commitments four years ago. (The three have long prided themselves on their ability to tell founders who they take the firm’s capital that they truly are taking the investors’ money.)
We also talked exits, geography, and investing through the coronavirus, a time when a lot of personal investors are being more cautious with their dollars.
TC: Eric, you wrote a seed check to Uber and I spied you on the Midas list this year. Still,