Initialized Capital

Initialized Capital is a venture capital fund founded in 2011 and headquartered in San Francisco. It was founded by Alexis Ohanian and Garry Tan.[1] As of 2018, it has raised more than $250 million in funds.[2]

History

It raised $7 million in its first fund. In February 2012, it filed its Form D notice of exempt offering of securities.[3] It raised $39 million in its second fund on August 2013.[4] On June 7, 2016 the firm announced a $100M target for its third fund and then closed $125 million. While its founders came from Y Combinator, it is not associated with Y Combinator in any way.

Management

  • Garry Tan, managing partner
  • Alexis Ohanian, general partner
  • Alda Leu Dennis, general partner
  • Eric Woersching, general partner
  • Kim-Mai Cutler, Partner
  • Jen Wolf, COO and design Partner
  • Tara Perillo, Partner
  • Vincent Chu, Partner
  • Brett Gibson, Partner
  • Harjeet Taggar, former partner

Investments

Its investments include Instacart, Coinbase, Flexport, Patreon, Plangrid, Soylent, Vicarious, Kimono Labs[2] and Plate IQ[5].

Philosophy

It focuses on seed and early stage venture investments.[2] It looks for high-quality founders first and then tries to see if it can help or understand the market a company is attacking in any way [6]

References

  1. ↑ "SEC FORM D/A". Sec.gov. Retrieved March 6, 2016.
  2. 1 2 3 "Initialized Capital - Investments". CrunchBase. Retrieved March 13, 2016.
  3. ↑ "INITIALIZED CAPITAL SPECIAL OPPORTUNITIES FUND I, L.P. Details - Whalewisdom". Whalewisdom.com. Retrieved March 13, 2016.
  4. ↑ "Initialized Capital Closes Second Seed Fund at $39.2M". Pevc.dowjones.com. Retrieved March 13, 2016.
  5. ↑ Alina Cohen (March 21, 2017). "Backing Plate IQ To Build Software Powering The Restaurant Industry". Medium. Retrieved October 23, 2017.
  6. ↑ "YC Partners Taggar, Tan And Reddit Co-Founder Ohanian Raise $39M For Initialized Capital". Techcrunch.com. Retrieved March 6, 2016.
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