Thursday, March 30, 2023
HomeVenture CapitalSaying $1B+ in New Funds – Matt Turck

Saying $1B+ in New Funds – Matt Turck

Some information: $1B in new funds!

When FirstMark Capital was based in 2008, the concept that one may construct a premier, top-tier enterprise capital agency out of New York was nonetheless largely thought of odd, even perhaps delusional.

A barely nascent tech ecosystem, NYC on the time had few startups and even much less enterprise corporations, and appeared destined to be endlessly a distant satellite tv for pc market to Silicon Valley.

Quick ahead to right now: NYC has clearly develop into some of the thrilling and vibrant tech ecosystems on the planet.

As NYC tech grew, FirstMark grew with it.

We passionately supported the ecosystem and helped it develop, each by investing in nice New York entrepreneurs and relentlessly constructing communities and occasions, to assist create a connective tissue for all to fulfill and study collectively.

Past our love for our dwelling turf, we shortly acquired affirmation that the worth proposition of being an NYC-based enterprise agency resonated strongly nearly in every single place – enabling us to put money into a number of the best startups throughout North America, in addition to Europe and Israel.

Our new, bigger funds symbolize our ever-increasing ambition and steadfast dedication to excellence. Our core technique will stay the identical. Early conviction. Deeply lively companions. Distinctive operational help by means of the FirstMark Platform.

The altering setting makes our type of investing extra related than ever. We’ve lengthy thought of VC as a craft, fairly than an industrial operation. We consider in laborious work and self-discipline, selectivity and long run dedication.

We really feel deeply honored for the help and belief of our restricted companions, particularly in these more difficult instances.

We’re additionally extra grateful than ever to the superb founders we have now had an opportunity to companion with through the years.

P.S.: *** At a extra private stage, these new funds symbolize one other failed lobbying effort on my half to rename the agency to FirstMatt (who’s Mark, anyway?).***

P.S 2: oh and I nearly forgot: ???????

FirstMark weblog put up right here:



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