Friday, November 18, 2022
HomeVenture CapitalAsserting $1B+ in New Funds – Matt Turck

Asserting $1B+ in New Funds – Matt Turck

Some information: $1B in new funds!

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

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

Quick ahead to in the present day: NYC has clearly turn out to be some of the thrilling and vibrant tech ecosystems on this 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 satisfy and study collectively.

Past our love for our residence turf, we shortly received 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 among the best possible startups throughout North America, in addition to Europe and Israel.

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

The altering setting makes our model of investing extra related than ever. We’ve lengthy thought-about VC as a craft, fairly than an industrial operation. We consider in onerous 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 tougher occasions.

We’re additionally extra grateful than ever to the wonderful founders we’ve got had an opportunity to companion with through the years.

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

P.S 2: oh and I virtually forgot: 🚀🚀🚀🚀🚀🚀🚀

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