The Altman brothers positive have a knack for being enterprise capitalists. On Tuesday, this particularly utilized to Jack Altman, co-founder of $3 billion-valuation HR software program startup Lattice and brother to OpenAI CEO Sam Altman.
Jack Altman simply announced a second $275 million fund for his solo-run agency Alt Capital. And from begin to end, it took him a week, he instructed The Wall Avenue Journal.
His first fund, raised in early 2024, was $150 million, so it is a huge step up. He used it to spend money on about 20 early-stage corporations, he stated, together with David AI (a YC-alum that does knowledge units for speech fashions) and unicorn restaurant software program maker Owner.com.
Jack is, clearly, well-connected and has founder expertise, though he left the CEO function at Lattice in 2024 (he stays chairman). After all, Sam was famously president of Y Combinator and remains to be an energetic angel investor (however not an LP on this new fund, the WSJ reviews). In the meantime, brother Max Altman is a co-founder of Saga Ventures, which raised a $125 million fund of its personal in 2024.
