The Ledger
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Eakman: Foundry Group Will Not Attempt Generational Succession
“Foundries on the record is saying that, you know, we're not going to transfer this through a generational transition.”
Levine: Foundry Group will cap all future funds at $225M
“We knew that that was going to be the number for the rest of our time as investors, because we'd always said in our fundraising process that we were going to raise a series of funds. They were all going to look exactly the same and in terms of dollar size. And…”
Foundry Group will never add junior staff or expand team
“When we started Foundry, a deeply held belief was that we would never grow. It would just be, you know, the initial partners. We'd never add any junior people, and that we would be the ones that were doing all the work with the founders versus, you know, havin…”
Every fund raised by Foundry Group is capped at $225M
“Another corollary to that is that every fund we raised would be the same size. So we've raised multiple funds. Every one of them is two hundred and twenty-five million dollars.”
Mendelson: Foundry Group Operates With Four Partners and Zero Associates
“There's four partners and there's no associates.”
Levine: Foundry Group operates with zero analysts or associates
“We, all the partners do their own work. We don't have any analysts or associates.”
Foundry Group completes between seven and ten investments per year
“We do between seven and 10 investments per year, and there, there's probably, you know, 10 times that in terms of companies that we would invest in, in terms of the qualities of the teams or the entrepreneurs, but, you know, we have to keep a very high bar.”
Foundry Group restricts investments to US startups under $3M raised
“So if you've raised less than three million bucks, we're a potential target. And then we only invest in the US.”
Foundry Group averages 10 new investments per year
“Because we've constrained the size of our funds, we make 10 new investments a year, and approximately, some years we do eight, some years we do 12, but it's approximately 10 a year”