$1M for Founders to Start Investing
Founders Backing Founders
Spearhead is where founders get their first fund.
Founders start with a $1M fund. If they make great investments, they’re eligible for a second fund up to $5M. There’s also follow-on capital available for breakout companies in their portfolios.
We teach founders how to invest and provide back-office services, so founders can focus on investing. There’s no pressure to invest—founders focus on their company and invest at their own pace.
Founders in Spearhead have started companies worth over $26B combined, including 8 unicorns.
After School was a social network with 20M users
The founders in Spearhead have funded startups that have gone on to raise $540M in follow-ons.
$9M in follow-ons including the Collisons and True
$14M in follow-ons including Sequoia
Founded by the creator of Node.js
Comprises nearly 10% of all COVID tests in the U.S.
$30M in follow-ons led by Stripe
Benjamin Satterfield from Testflight invested in the seed
$30M in follow-ons including Sam Altman and Goodwater
$10M in follow-ons led by Index Ventures
$9M in follow-ons led by Felicis Ventures
$11M in follow-ons led by Founders Fund
$15M in follow-ons led by Kleiner Perkins