By giving entrepreneurs permission to work on themselves and covering the cost for the first year, the firm expects to minimize start-up failures that often result from burnout and co-founder disputes.
The new group is among a handful of competitors vying for business from private markets GPs finding it difficult to raise funds.
One Way Ventures may specialize in backing immigrant founders in the US and Canada, but firm founder Semyon Dukach doesn’t want anyone to get the impression that he’s doing it just to be a nice guy.
Tusk Venture Partners is preparing to launch its fourth fund as it helps early-stage technology companies navigate complex policy challenges, according to a source familiar with the effort.
Yet another venture secondaries fund has come to market as investors are betting that the owners of once highly valued start-ups will sell shares at a discount because they are desperate for liquidity.
'There is more than $130bn of supply, and supply keeps building, but the bid prices are averaging 40% to 65% off NAV, and this is holding back any sellers in the market from transacting,' says Industry Ventures founder and CEO Hans Swildens.
The Gates Foundation’s climate venture fund raised $1.25bn for its second vintage in 2021 and $1bn for its first vintage in 2019 from billionaires including Jeff Bezos, Michael Bloomberg, Richard Branson and George Soros.
The New York firm's debut fund had backing from Bain Capital Ventures, Tiger Global and VCs such as Fred Wilson of Union Square Ventures and Hunter Walk and Satya Patel of Homebrew.
Investors in the first close for Yosemite's debut fund include Emerson Collective, The Rockefeller University, Memorial Sloan Kettering Cancer Center and venture capitalist John Doerr.
Guests from PEI Group's 2023 list of influential women in alternatives reflect on the past decade in private markets, and analyze the current challenges facing the industry.