Jack Altman, the Chairman and co-founder of Lattice, announced that he closed a $150 million fund for his new venture capital firm called Alt Capital. Alt Capital has a mission to back early-stage founders.
Prior to launching Alt Capital, Altman invested in many tech companies, including Default, Slope, Canvas, Via, Table22, Air, AgentSync, and Product Hunt.
Altman’s older brother Sam is known as the CEO of OpenAI, which is the company that released ChatGPT.
KEY QUOTES:
“Working with startups has never felt like work to me. I love the blank canvas, the rush of initial customers, and the satisfaction of product breakthroughs. I love convincing people to join fledgling teams through passion and conviction. I love that fleeting period of time when a team knows they have something big, but the rest of the world doesn’t know it yet.”
“I understand how hard it is to go from zero to one. Building Lattice for the past eight and a half years was an incredible experience. I’ve learned and grown more than I would have believed possible in that time.”
“Now it’s time for what I hope will be an infinite game: finding, supporting, and studying great startups. I believe that investors can be helpful in two ways. One, providing quality advice to companies, rooted in context on the company and valuable personal experience. Two, using their network to help those companies more quickly acquire customers, capital, and talent.”
“I’m building Alt Capital with this in mind. When you ask us for help, we’ll be there immediately; when you don’t want help, we’ll respect your space. We won’t leave important things unsaid, we’ll do what we can to help you avoid wasted cycles, and we will be long term kind over short term nice. We’ll encourage you to dream bigger. We will always operate with deep respect for the role of the founder, and work hard in your service.”
– Jack Altman
