Jack Altman Joins Benchmark As Gp - Beritaja

In Brief

Jack Altman and Benchmark announced today that he would beryllium joining the patient arsenic a wide partner. 

This news is simply a large deal, particularly since Altman has been moving his ain VC firm, Alt Capital, since astatine slightest 2024. The money raised a $150 cardinal Fund I successful early 2024 and then, conscionable past September, announced a $274 cardinal Fund II, raised successful conscionable a week. On LinkedIn, Altman called the past 2 years running Alt Capital arsenic an investor “the about rewarding” of his life, adding that he loved “new ideas and being portion of a squad pinch a mission.” 

Alt Capital invested successful astatine slightest 52 companies, according to PitchBook, including Rippling, Antares Nuclear, and CompLabs. It’s unclear what happens to Alt Capital aliases whether Benchmark has acquired its portfolio, arsenic Altman besides announced that his teammates from the money will beryllium pursuing him to Benchmark. (That’s besides unusual, fixed Benchmark has historically been system arsenic level patient pinch chiefly GPs only, versus layers of investors.)

Altman besides said he will clasp the committee seats astatine the companies he backed while astatine Alt Capital. 

Altman, a younger relative of OpenAI co-founder Sam, is besides the laminitis of the HR level Lattice, which he still chairs, per his LinkedIn profile. 

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