INSUBCONTINENT EXCLUSIVE:
its third fund to provide founders $1 million each to invest in technology startups of their choosing.The firm, created in 2017, initially
provided founders $200,000 in investment capital sourced from Spearhead I, a $25 million vehicle, followed by Spearhead II, a $35 million
The group now plans roughly $100 million to give its founders 5x more capital to play with.Each founder is allotted 15% carry in his or her
fund, while Spearhead holds on to 5%
opportunity to receive another $10 million to invest at the end of the two-year program during a culminating demo day-like event.Spearhead
is designed to train founders, who tend to be well-connected to the tech ecosystem and knowledgeable about startups, to be effective angel
Previous Spearhead leads include Shippo co-founder and chief executive officer Laura Behrens Wu, Scale AI founder and CEO Alex Wang and
Rippling co-founder and chief technology officer Prasanna Sankar
Francisco, Los Angeles, Boston or New York City and run, or very recently have run, a startup
Existing Spearhead investments include ZeroDown, Altitude Networks, Scythe, Airgarage, Cloosiv, Height, O.School, PopSQL, Superplastic and
