Level Ventures

Sequoia Capital, Marc Andreessen and top institutions back New $30m Browder Capital Fund Four: Today, I’m excited to announce that I’ve raised Browder Capital Fund Four, a $30,000,000 fund backed by Sequoia Capital, Marc Andreessen, Chris Dixon, Arthur Patterson (founder of Accel), Walter Kortschak (founder of SignalFire) and some of the world’s top institutional investors, including Cendana Capital, General Endowment Management, Level Ventures, Hummingbird Ventures (Nomads), and Slipstream. I’m an accidental investor. In 2018, I stopped out of Stanford to take the Thiel Fellowship. One in ten Fellows goes on to build a billion dollar company. That’s how I met Adam Guild. I didn’t have a fund. I didn’t have any real savings. But my Thiel Fellowship payment had just hit my bank account. So I decided to invest it into Adam’s company as his first investor. Yesterday, that company, Owner, announced their Series C at a $1 billion valuation. Since then, I’ve been lucky to back many of the best young founders across previous funds (Whop, Wander, Assured, Pilgrim, Yuzu Health, Micro1, among many others), including other unannounced pre-seeds to unicorns. Indeed, Browder Capital is an investor in more Thiel Fellows than any other person or fund, including 50% from last year’s class (2023). While many funds back dozens of startups at once, often chasing hype, I prefer to go all in on one overlooked technical founder at a time. I’ve hosted 19 year old strangers at my apartment, put their visas on my personal credit card, co-signed their first leases. Whatever it takes to get them to start their company. Fund Four will double down on that mission: becoming the first believer to rare individuals who build billion dollar companies from scratch.