The dying breed of venture capitalists may have given up on backing the next BIG thing, but one firm isn’t ready to die just yet. A*, the brainchild of an unlikely trio including former Eventbrite founder Kevin Hartz, former Coatue partner Bennett Siegel, and Opendoor & Uber lifer Gautam Gupta, bucked the trend, landing a mediocre $315 million for Fund II
Billed as an “oversubscribed” fund – Code for getting what they were asking, but not being blown up by LPs
This time, they snagged institutional cash, ditched the old-school party trick or having other vcs for friends
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