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We're pleased to christen our newly raised and ninth fund, Foundation Capital Fund 9 (FC9). FC9 is a $350-million fund from which we will continue to invest in early-stage companies.

Now entering our 24th year of venture investing, Foundation Capital's record includes $3 billion in committed capital, which we've helped to convert into $300+ billion in market cap, and 28 IPOs including Netflix, one of only five companies started in the past quarter-century with a market cap of $100+ billion. More recent successes include Sunrun, LendingClub, TubeMogul, and Chegg.

With FC9 we continue our singular focus on partnering with extraordinary early-stage entrepreneurs to build the greatest companies of our time. We make 10-12 new investments a year and limit the number of board seats that any one of us takes to single digits, in order to ensure that each of our startups gets the attention and assistance that they need to break out. Because our commitment is to do whatever it takes to help our companies succeed; we consider ourselves not just investors but invested.

FC9 will be led by general partners Ashu Garg, Charles Moldow, and Steve Vassallo. We continue our founder-focused, prepared-but-open-minds approach to investing that has made FC8 one of the best performing funds of its vintage. In this endeavor, we’re fortunate to have the support of an exceptional and diverse team of investors and operations staff. (Some impressive additions to the firm were announced in recent months, with still more exciting team updates to follow. Stay tuned!)

We’d be remiss if we didn’t thank our limited partners. We hold dear our relationships with them and we’re grateful for the trust that they’ve placed in us. It is a responsibility that we take very seriously. Our commitment to them is to work hard to generate outstanding returns and we see a bright decade ahead.

Lastly, to any entrepreneurs who aren’t yet known to us: Foundation Capital exists to back remarkable women and men who are working to build transformative businesses. We’re blessed to count so many extraordinary such individuals in our portfolio of companies, and it’s a wild privilege that our day job is to help them be their most extraordinary. If you’re someone who dreams big and won’t stop, if you have the ambition and daring to build a generationally important company, and if you’re working on an idea that is a fit for our investment profile, then come find us at foundationcapital.com. 

We’re pleased to announce our newly raised and ninth fund, Foundation Capital Fund 9 (FC9). FC9 is a $350-million fund from which we will continue to invest in early-stage companies. We’re grateful for the support of our founders, CEOs, and LPs. And we’re excited to keep doing what we’ve been doing for 24 years: building great companies.

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Earlier this month, Cerebras unveiled the largest computer chip ever built. The chip has 1.2 trillion transistors, is 56.7 times larger than the largest GPU, and is purpose-built for AI workloads. The innovations that Cerebras will enable are staggering.

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Jennifer Tejada, CEO of PagerDuty, puts people and relationships at the forefront of her business strategy. In this episode of the podcast, she tells Ashu what she’s learned as a two-time CEO and how important it is to create a good company culture with diverse talent.

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Since the beginning of invention, humanity has advanced because the remarkable have pushed us forward. Because select women and men of their times have dared to think different, to build it better, to do what’s never been done. Across the ages, we’ve had many names for these people. Today, at Foundation Capital: we call them founders.

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A micro-documentary about the remarkable team at Cerebras Systems.

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Congrats to Inaki and the whole team at CoverWallet for officially becoming an AON company! With the acquisition complete, CoverWallet will have the opportunity to continue innovating and hyper growing, leveraging technology, data science, and beautiful design, but now at a much larger scale, with new products, and in new geographies and markets. Here’s to Aon and CoverWallet’s exciting future together!

Congrats to the Eightfold.ai team for adding Celia Poon as its first CFO! Prior to Eightfold, Celia was CFO at dog-walking company Wag Labs Inc. and, before that, CFO at Highfive Technologies Inc., a video-conferencing provider. The Wall Street Journal has more about the hire and Eightfold’s very promising horizons.

What are the next opportunities for startups in the application-monitoring world? Apoorva spent time with developers, IT teams, founders, and industry practitioners to understand firsthand their unmet needs. And here’s what he discovered….

The saying “All publicity is good publicity” is fast evolving into “All publicity is Cerebras publicity.” More glowing coverage of our favorite AI chip startup, as The Economist does a deep dive into Cerebras’ Wafer Scale Engine, the largest semiconductor chip ever built.

Angus recently sat down with the Sales Hacker podcast to talk about how he went from a two-time entrepreneur to joining Foundation Capital as its first East Coast investment partner. The story sounds a lot better coming from Angus, so….

From investing tips to qualities to look for in a great CEO to what advice he’d give his 20-year-old self (hint: put down the dosas, pick up the dumbbells), Ashu answers it all! Check out his wide-ranging, surprisingly revealing Quora Q&A.