Big day for AlleyCorp! Since I joined the team last December, I've been inspired every day by the people I work with. It is a special privilege to work with Kevin Ryan who is not only the visionary founder of so many iconic New York companies but has also been a mentor and inspiration to a generation of technology leaders. Kevin and the team have built the foundation for a generational firm –– one that will still be making an impact in 50 years. – AlleyCorp has already incubated MongoDB, Gilt Groupe, Business Insider, and Zola. But the firm, led by longtime serial entrepreneur Kevin Ryan, aspires to more. “The role model for us is actually a Venrock or a Bessemer,” Ryan told me over Zoom. “Very established VC firms, yes, but people forget they were originally family offices. Then, to make it more sustainable and long-term, they started taking outside investors every three to four years.” And AlleyCorp is exactly at that moment right now, taking on outside investors for the first time. AlleyCorp has raised a new fund of about $250 million, Fortune has exclusively learned. It’s technically a first-time fund, though it’s an off-kilter label given AlleyCorp’s track record. To date, the firm—which frequently writes first checks—has deployed more than $375 million across north of 180 companies. The majority of the firm’s past investments were personally funded by Ryan, and those companies have gone on to raise more than $3 billion in follow-on capital. Full story by Allie Garfinkle in Fortune: https://lnkd.in/gC-8_tBx
AlleyCorp's growth trajectory is truly inspiring! Exciting times ahead for the team and investors.
Congrats!!
Congratulations!!!
GP at AlleyCorp ¦¦ sci-fi → sci-fact 🤖 ❤️
10moAll of this is 💯true except you missed the part where we get to work with you too! Awesome team, exciting time.