Seven Seven Six, Alexis Ohanian’s New VC Firm, Launches With $150 Million And A Promise To Shake Things Up - News Summed Up

Seven Seven Six, Alexis Ohanian’s New VC Firm, Launches With $150 Million And A Promise To Shake Things Up


Reddit co-founder Alexis Ohanian's teamed up with two long-time collaborators for new fund Seven Seven Six. But to hear Alexis Ohanian describe his new VC firm Seven Seven Six’s tools – dramatically named Cerebro, after the X-Men character – he’s reinvented the wheel. “We’re asking folks to self-report anonymously… I’m confident we’ll hit those.”When the responses are in, Seven Seven Six plans to share all the data on its website. Like any firm, however, Seven Seven Six will ultimately be judged by its startup portfolio. A source close with knowledge of the deal says Seven Seven Six’s check was $10 million; it’s also raised some special purpose vehicles already that would lift its assets under management.


Source: Forbes June 10, 2021 12:15 UTC



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