Craft Ventures

Craft Ventures
Type	Private
Industry	Venture capital
Founded	2017
Founder	David O. Sacks, Bill Lee
Headquarters	San Francisco
Products	Venture capital
Total assets	$850 million

Craft Ventures is a venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee.[1]

As of August 2020 it has invested in startups such as Bird, BitGo, Brud, ClickUp, Cloud9, CloudTrucks, Datasembly, Lightning Labs, Northspyre, Pipe, PocketList, Sandbox VR, Sendoso, Shef, Sourcegraph, Superplastic, Swarm Technologies, The Boring Company, Trusted Health, SpaceX and Terminal.

Background

Craft was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal[2] and Bill Lee,[3][4] formerly of Remarq and Big Fish Games. Jeff Fluhr,[5] founder and former CEO of StubHub, joined as general partner in 2018 and Sky Dayton, founder of EarthLink and Boingo Wireless, joined as venture partner the same year.

Craft announced its first fund of $350 million in January 2018[6] and its second fund of $500M in October 2019.[7]

References

Primack, Dan (4 January 2018). "David Sacks teams with Bill Lee to raise $350 million VC fund". Axios. Retrieved 3 June 2018.
Chernova, Yuliya (29 October 2018). "David Sacks Looks to Raise Up to $500 Million for Second Craft Ventures Fund". The Wall Street Journal.
Primack, Dan (6 October 2017). "Ex-Zenefits CEO David Sacks raising VC fund". Axios. Retrieved 3 June 2018.
Jackson, Eric (6 February 2018). "Ex-PayPal executive David Sacks explains how his new company will change crypto trading". CNBC. Retrieved 3 June 2018.
"Jeff Fluhr". Bloomberg. Retrieved 1 November 2018.
Calacanis, Jason (20 July 2018). "David Sacks Craft Ventures $350m raise, big Bird bet, VR, crypto, Yammer, Zenefits, investing". This Week in Startups. Retrieved 24 August 2020.
Loizos, Connie (15 October 2019). "David Sacks's Craft Ventures just closed its second fund with $500 million". Techcrunch.com. Retrieved 24 August 2020.

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[Axios_2018-1] Primack, Dan (4 January 2018). "David Sacks teams with Bill Lee to raise $350 million VC fund". Axios. Retrieved 3 June 2018.

[WSJ1018-2] Chernova, Yuliya (29 October 2018). "David Sacks Looks to Raise Up to $500 Million for Second Craft Ventures Fund". The Wall Street Journal.

[Axios_2017-3] Primack, Dan (6 October 2017). "Ex-Zenefits CEO David Sacks raising VC fund". Axios. Retrieved 3 June 2018.

[Jackson_2018-4] Jackson, Eric (6 February 2018). "Ex-PayPal executive David Sacks explains how his new company will change crypto trading". CNBC. Retrieved 3 June 2018.

[Bloomberg-5] "Jeff Fluhr". Bloomberg. Retrieved 1 November 2018.

[This_Week_in_Startups-6] Calacanis, Jason (20 July 2018). "David Sacks Craft Ventures $350m raise, big Bird bet, VR, crypto, Yammer, Zenefits, investing". This Week in Startups. Retrieved 24 August 2020.

[TechCrunch-7] Loizos, Connie (15 October 2019). "David Sacks's Craft Ventures just closed its second fund with $500 million". Techcrunch.com. Retrieved 24 August 2020.