Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • May 2022
  • Case
  • HBS Case Collection

Founder Collective

By: Jo Tango and Alys Ferragamo
  • Format:Print
  • | Language:English
  • | Pages:20
ShareBar

Abstract

FC launched in 2009 with a clear mission: to be the most aligned fund for founders at the seed stage. In keeping with its mission, FC maintained smaller fund sizes and was not a lifecycle investor. By November of 2021, however, the seed market had gotten more competitive, and FC had successfully picked several Unicorn and even Decacorn investments, causing some LPs to wonder about the opportunity costs of FC’s “no pro rata” view. The FC Managing Partners David Frankel, Eric Paley, and Micah Rosenbloom wondered if the “game on the field” had changed too much and if they should evolve their strategy. They contemplated three potential paths forward: start investing their pro rata in later rounds, raise an opportunity fund, or continue their current strategy.

Keywords

Seed Investing; Business Startups; Mission and Purpose; Investment; Competitive Strategy

Citation

Tango, Jo, and Alys Ferragamo. "Founder Collective." Harvard Business School Case 822-129, May 2022.
  • Educators
  • Purchase

About The Author

Jo Tango

Entrepreneurial Management
→More Publications

More from the Authors

    • March 2023
    • Faculty Research

    The Traits of Entrepreneurs

    By: Jo Tango and Alys Ferragamo
    • November 2022
    • Faculty Research

    The Entrepreneurial Manager: Spring 2023

    By: Christina Wallace and Jo Tango
    • November 2022
    • Faculty Research

    SAFE Notes: An Introduction

    By: Álvaro Rodríguez Arregui and Jo Tango
More from the Authors
  • The Traits of Entrepreneurs By: Jo Tango and Alys Ferragamo
  • The Entrepreneurial Manager: Spring 2023 By: Christina Wallace and Jo Tango
  • SAFE Notes: An Introduction By: Álvaro Rodríguez Arregui and Jo Tango
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College