Tribe Capital introducing “Firstlook” an opportunity to co-invest in startups
For companies that want to grow at some point or keep growing, Venture Capital (VC) firms are the ones that are mostly able to help them out. It has been years since venture firms have been offering funding to businesses as an investment to help both them and their companies get funds. Just like the many VC firms available, there is one VC firm that is quite famous. It is the firm named Tribe Capital. This well-connected form in Silicon Valley has a plan to let a wider group of investors join them and begin investing through the program “Firstlook”.
Before we talk about the Tribe Capital Firstlook program, let us learn more about it.
About Tribe Capital
Tribe Capital is a private American and a $360 million venture capital firm that was founded in 2018 by three people who were together in Social Capital Investors. The three founders are Ted Maidenberg, Jonathan Hsu, and Arjun Sethi. Its headquarters is in Menlo Park, California that invests in seed-stage and early-stage technology companies globally. The firm also specializes in applying data science to all aspects of venture capital.
Tribe Capital “Firstlook” Program
Tribe Capital Firstlook program allows qualified individuals to co-invest in startups in deals underwritten and managed by Tribe Capital. These individuals are qualified only if they have a net worth that is more than $1 million, and an annual income of $200,000. It took two years for Tribe to privately test the program with limited partners. Moreover, Tribe acquired another venture firm Pif.vc to help in managing the new program. The three partners from this new firm would be the ones overseeing Firstlook.
So, Firstlook is a vibrant co-invest program that connects founders with strategic support and capital by offering them a select group of RIAs, family offices, global institutions, and high-net-worth individual access to trusted deal-by-deal co-invest opportunities managed and underwritten by Tribe Capital. This program aims to benefit both LPs (Limited Partners) and founders.
