Foundation Capital Announces $500M Tenth Fund
Gunderson represented client Foundation Capital in the formation of its $500 million tenth fund, Foundation Capital X. The firm has developed a go-earlier strategy centered on the individual, incubating companies, and investing in not only startups but emerging venture firms that give it access to new networks and ideas.
In the announcement of the fund, general partner at Foundation Capital Ashu Garg said, “Our goal is to have a handshake deal with someone as they’re ready to start the company. That’s the business that we’re in. There is no company. That is our business model.”
The Gunderson team consisted of Andrew Thornborrow, Jaime Narayan, Chris Partin, Laura Wong, and Amanda Chan.