Profile
1517 Fund is a venture capital firm based in San Francisco, founded in 2015 by Danielle Strachman and Michael Gibson. The firm is unique in its focus on supporting young entrepreneurs, particularly those without traditional academic credentials, at the earliest stages of their ventures. Inspired by the Thiel Fellowship, 1517 Fund seeks out individuals who challenge conventional norms and have a strong interest in technology and science. The team is small but dedicated, often engaging with potential founders through events and mentorship long before they are ready for traditional venture capital.
The firm invests in a range of sectors including AI, Blockchain/Crypto, Software, Digital, and Mobile/Apps, with a primary focus on North America. Investment sizes typically range from $50,000 to $1 million, reflecting their commitment to early-stage companies. 1517 Fund manages over $175 million in capital, utilizing both traditional venture funding and special purpose vehicles (SPVs) for select investments. While specific limited partners are not disclosed, the firm is known for its community-driven approach, supporting over 6000 members and deploying more than 200 grants annually.
Notable investments by 1517 Fund include Ethereum - blockchain platform, Figma - web-based design tool, OYO Rooms - hospitality service, Luminar - lidar and perception technology, and Lambda - AI training platform. The firm has a reputation for backing founders who push the boundaries of science and technology, often before they are recognized by mainstream institutions.
Industry
1517 Fund Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
1517 Fund I
|
Venture Capital (VC)
|
Biotechnology
Consumer Products
Consumer Services (B2C)
Hardware
SaaS
Security
Software
CleanTech
Machine Learning (ML)
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$20 M
|
June 2015
|
|
1517 Fund III
|
Venture Capital (VC)
|
Biotechnology
Consumer Products
Consumer Services (B2C)
Hardware
SaaS
Security
Software
Machine Learning (ML)
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$65 M
|
June 2022
|
Contacts
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