"On Tuesday, this especially applied to Jack Altman, co-founder of $3 billion-valuation HR software startup Lattice and brother to OpenAI CEO Sam Altman. Jack Altman just announced a second $275 million fund for his solo-run firm Alt Capital. And from start to finish, it took him a week, he told The Wall Street Journal. His first fund, raised in early 2024, was $150 million, so this is a big step up."
"He used it to invest in about 20 early-stage companies, he said, including David AI (a YC-alum that does data sets for speech models) and unicorn restaurant software maker Owner.com. Jack is, clearly, well-connected and has founder experience, although he left the CEO role at Lattice in 2024 (he remains chairman). Of course, Sam was famously president of Y Combinator and is still an active angel investor (but not an LP in this new fund, the WSJ reports)."
Jack Altman raised a second $275 million fund for his solo-run firm Alt Capital in about a week. His first fund, raised in early 2024, was $150 million and supported roughly 20 early-stage companies. Investments from the initial fund include David AI, a YC alum focused on speech-model data sets, and Owner.com, a unicorn restaurant software maker. Jack left the CEO role at Lattice in 2024 and remains chairman. Sam Altman remains an active angel investor but is not a limited partner in the new fund. Max Altman co-founded Saga Ventures, which raised $125 million in 2024.
Read at TechCrunch
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