Launch House, a startup hub committed to creating the new Silicon Valley, unveiled its first fund, House Capital, on Tuesday with a $10 million commitment to invest in high-growth enterprises inside and outside the community. The investing premise spans the entire tech industry but also considers Web3 advancements. In an interview, co-founder Brett Goldstein described Launch House as a “membership club for entrepreneurs.” Goldstein said they have co-living residency programs where participants live in New York or Los Angeles homes and develop their startups. Adding to that, he urged to invest in the top businesses that pass through those houses. investor dinners with @brexHQ are noiceeeee investors from a16z, Greycroft, Lightspeed, and more stopped by the LA house for good times and better eats pic.twitter.com/BIajUutw4u — launch house 🏠 (@launchhouse) July 26, 2022 Funds From Limited Partners House Capital received funding from several limited partners from the IT and entertainment industries and general partners from other funds, including James Currier from NFX and Andrew Chen and Sriram Krishnan from Andreessen Horowitz (a16z). Launch House’s $12 million Series A financing was led by a16z in February. NFX recently committed $62.6 million in follow-on investments in portfolio firms that included several crypto names, while A16z just unveiled a record-breaking $4.5 billion crypto fund. According to Launch House co-founder M...
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