Updates

May 2022 represents the one-year anniversary since we completed the first close of Factory Fund I. It’s been an incredibly exciting (and busy!) year and we’re grateful for everyone’s support!

The Factory was founded on the principle that great companies can be built in a systematic, repeatable way, and by doing so we reduce their risk, and speed up their progress. We brought together technical visionaries, deeply technical founders and experienced operators to execute on this vision in Fund I. We have made several seed stage investments so far, often with significant pro-rata rights or the opportunity to follow on.

Our first full quarter as anything more than an exciting idea has been a whirlwind. At the heart of it all, thanks to your partnership, we started work on building the companies that are going to transform the technology industry and the broader economy as a whole. In this first investor letter, we wanted to provide an update on our initial investments, and also to restate our vision for the Factory.