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Foundry Group

Our 2016 Foundry Group Fund and A Little History

Yesterday we closed our fifth fund, Foundry Venture Capital 2016, L.P. As with all four of our other funds, it’s a $225 million fund. In 2007 we raised our first fund – Foundry Venture Capital 2007. We subsequently raised a $225 million fund in 2010, another one in 2013, and a late stage fund in 2013….

The Foundry Group Detroit House

In an effort to buy real estate in burgeoning startup communities around the United States while more deeply engaging in the startup community, my partners and I have bought a house in the Cass Corridor neighborhood in Detroit. Jason Mendelson grew up in Detroit so this is a nice homecoming for him. If you’ve followed my efforts…

Why We Pass Quickly On Things

I passed on something referred to us by a close VC friend (who I’ll call Joe) who I’ve done a bunch of investments with over the years. A few minutes later I got the following email from the entrepreneur. hey brad –  if you get a moment, i’d love to hear your unvarnished reasons for…

Foundry Group Traditions: Gnip Exit Gift

Foundry Group has now been around for over seven years and I’ve been working with my partners for 14 years. We’ve started to develop some traditions. One of my favorites is exit gifts. When a company has an exit that generates a return for us, we give a gift to the partner who served on the board….

The Opportunity / Growth Fund Trend

With yesterday’s announcement that early-stage VC Greycroft has raised a $200 million growth fund, this type of fund has officially become a trend. But before we dig into the dynamics of it, let’s pay homage to the originator of this concept, Union Square Ventures. In January 2011, USV raised what I believe was the first “opportunity…