08-30-2024
A Note to Colorado Entrepreneurs
by Jaclyn Hester
Earlier this year, we announced that our current fund, Foundry 2022, will be the final Foundry fund. We are excited to complete the initial work of building the Foundry 2022 portfolio over the next 18 months. As stewards of capital to our LPs and engaged partners to our portfolio companies, we are all in on every investment we make and committed to the decade plus of post-investment work ahead.
As we think about crafting the composition of our Foundry 2022 portfolio, we look forward to continuing to partner with world class founders building disruptive, delightful products that empower their users and unlock new capabilities. As Colorado residents and proponents of our startup community, we know that Colorado is a special and powerful place to build a business. We would love to count a few more Colorado founders among our engaged community of portfolio founders and operators who consistently support and learn from one another.
If you’re a Colorado-based startup that has already raised a seed round or are bootstrapping your way to a Series A, we’d love to hear from you. In addition, starting in September, we’ll be holding monthly office hours (by appointment) at our office in downtown Boulder.
A few things to note re office hours:
• Each month, we’ll open three scheduled meeting slots – 9am, 10am, 11am, followed by a group lunch with all founders visiting that day and members of our team. We’ll provide space for you to work/hang out between your meeting and lunch.
• If you are interested in participating, please provide information about your company here and we’ll circle back to schedule. We are focused on meeting companies that are a potential fit so as to not waste your time or ours.
• We like to meet companies well ahead of a fundraise. We are focused on Series A as an entry point but will occasionally invest slightly earlier or later. While the round names are not always instructive, we’re looking for companies with a product built, live customers, and indications of product-market-fit.
• We can’t invest in every company, but love meeting and supporting local founders. If nothing else, we’re committed to give first and be helpful even where we can’t invest.
While we are generalists, we have several current areas of interest:
• the evolution of work with products that empower end-users and unlock new ways of working
• B2B solutions for technologically underserved industries
• online marketplaces with large shadow markets and characteristics that unlock supply/demand and drive liquidity
• the new consumer — demographic shifts amongst consumer buyers: millennials as the sandwich generation, working families, addressing the needs of an aging population
• leveraging technology to foster and enhance human experiences
We look forward to hearing from you!