Woof! We just announced Foundry Group’s investment in Rover.com this morning. We led a $7m financing in the leader in digital dog boarding that connects dog owners with approved, reviewed, and insured sitters. Rover.com is part of our marketplace theme , which now includes investments in SideTour and PivotDesk . I’m psyched to be joining the board, working with my good friend Greg Gottesman at Madrona on another Seattle-based company. ...
Once a quarter my partners (Seth , Ryan , Jason) and I spend 48 hours together. Unlike a typical offsite that ten zillion organizations have, we tend to spend less time on formalities and more time on wider ranging, forward looking discussions about what we are doing, both professionally and personally. Last night, over an amazing meal, we ended up talking about what we’ve been investing in over the past four years. When we reflect on the 37 companies we’ve invested in since we raised our first Foundry Group fund in 2007 , we’re delighted with the mix of companies and entrepreneurs we are working with. We have a very clear thematic strategy that we’ve discussed openly, along with a few other key principles such as being willing to invest anywhere in the US and being syndication agnostic. ...
At Foundry Group , we often talk about our thematic approach to investing. Steve Bell from StartupTrek did a nice job of capturing my perspective in under eight minutes.