For one, she was surrounded by wellness founders at her local gym who loved testing new products and building community. Second, Liu also realized that many of these founders, especially women and minorities, were struggling to fund their ideas due to limited access to founder networks. To bridge this gap, she launched Crush It Ventures, a wellness-focused early-stage fund. The firm hopes to back companies building across the wellness sector, including in mental health, fitness and sport, beauty, and hospitality.
Tim Chen, solo VC at his firm Essence VC, just closed his fourth fund, a fresh $41 million, without even trying. Limited partner investors (LPs) were so eager to invest, they pre-empted it, he told TechCrunch. He hadn't even time to generate a pitch deck. True, $41 million might not sound like much in this age of multi-billion venture firms and solo VCs like Jack Altman (who just raised his second giant fund, at $275 million).
Back when Deliveroo was a tiny London-based platform, with just a few restaurants in its repertoire, there was one man who believed it'd go on to become the multi-billion-dollar brand it is today: Martin Mignot. "They had eight employees. They were in three London boroughs. Overall, they had a few 1000 users to date, so it was very, very early,"