WndrCo allocates $50M-$75M per studio build and $5M-$15M for venture checks
Chen Li · Jeffrey Katzenberg's $2.8 Billion Fund · Sourcery with Molly O'Shea · Dec 29, 2025 · at 41:01
Chen Li Wang, general partner at WonderCo, breaks down the allocation strategy and check sizes for WonderCo's core fund.
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“So we have our core fund that will do both builds and invest in venture companies. Builds will do about one a year and we'll put 50, seventy-five million dollars in those builds. We take quite a bit of ownership in the early days because frankly, it's our sweat equity. It's what we roll up our sleeves. And we all pitch in. This is not sort of a every partner does one. It's, that's why we sort of say we feel more like a company in, in a day-to-day of how we operate. And it's, but it's fun. It's much more collegial. On the venture side, we'll invest five, 10, fifteen million dollars.”
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