Formation 8

Summary

Formation 8 appeared to be the VC, which was created in 2011. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the San Francisco.

Among the most successful fund investment fields, there are SaaS, Machine Learning. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Yello Mobile, Oscar Health Insurance Co., ContextLogic (dba. Wish). For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

The top activity for fund was in 2015. Despite it in 2019 the fund had an activity. Considering the real fund results, this VC is 14 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 13-24 deals per year. Comparing to the other companies, this Formation 8 performs on 16 percentage points less the average number of lead investments. The higher amount of exits for fund were in 2018. The typical startup value when the investment from Formation 8 is 500 millions - 1 billion dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the Formation 8, startups are often financed by ff Venture Capital, Andreessen Horowitz, Y Combinator. The meaningful sponsors for the fund in investment in the same round are Khosla Ventures, General Catalyst, Samsung Ventures. In the next rounds fund is usually obtained by Samsung Ventures, LeFrak, Sway Ventures.

The fund was created by Brian Koo, Joe Lonsdale. Besides them, we counted 21 critical employees of this fund in our database.