High Hit Rate — CapitalX
CapitalX has raised more than $9M since August 2020. The fund may be open for new LPs again starting 2021 Q3.
Please apply on my website or AngelList once the subscription link is activated — stay tuned.
Below is a summary of my previous portfolio breakout winners by valuations (estimated range), including the top 17 YC startups since my direct seed investments.
- 9 x $1B+ (unicorn exit Cruise valued $30B in 2021)
- 3 x $500M+(with Retool nearly a unicorn);
- 8 x $250M+; etc.
This also helps to demonstrate why and how an annual portfolio of 20 startups with “High Hit Rate” may work very well. Imagine — if the initial check represents 0.5% — 5% ownership (not a lead position).
$1B+
1. Cruise — self driving cars, Unicorn exit in 2016. Valued $30B in 2021.
2. Zapier — API integration and automation. Profitable. Remote only.
3. Rippling — Payroll and employee management platform, valued $1.35B.
4. Boom Supersonic — 2016 Seed. Unicorn with Series C.
5. FlutterWave — 2016 Seed. Unicorn with Series C.
6. SendBird — 2016 Seed. Unicorn with Series C.
7. Go1 — Enterprise on-line learning platform. $100M+ raised.
8. ShipBob — tech-enabled 3PL that fulfills ecommerce orders for DTC brands. $331M raised.
9. Retool — Build internal tools remarkably fast. $75M raised, nearly a unicorn.
$500M+
10. Algolia — Search API: Site, App, Geo. $184M raised.
11. People.ai — Revenue Intelligence: AI for Sales and Marketing. $100M raised.
12. Jerry — A mobile-first car ownership super app, Jerry launched in 2019 with its AI- and machine-learning-based car insurance comparison service and today serves nearly 1 million customers across the United States. $57M raised.
$250M+
- Epic! — Leading digital library for kids. $52M raised.
- Bevi —Smart water cooler with pure, flavored and sparking water. $60M raised.
- Proxy — Touchless workplace and mobile identity. $59M raised.
- Redacted — Collaborate. $82M raised.
- UpKeep — Modern, intuitive, and mobile first CMMS that is proven to streamline the work order process.$49M raised.
- LambdaSchool — Free online web dev and data science education: pay with ISA after getting hired with annual $50k+ income! $122M raised.
- BitMovin — provides adaptive streaming infrastructure for video publishers and integrators with fastest cloud encoding and HTML5 Player. $70M raised.
$100M+
- DeepGram — The fastest, most accurate, most reliable, most scalable speech transcription, with understanding — rebuilt just for enterprise. $25M Series B.
- Flirtey — real-time delivery by flying robots. $16M raised.
- Teleport — Remote access and secure deployments for developers via SSH and Kubernetes. $29M raised.
- Zeplin — Connected space for design and product teams. $1.4M raised.
