Bursts of Color - Burst Capital, Chapter II
Bursts of Color - Burst Capital, Chapter II
We recently closed our second fund, so posted some updates at Burst Capital, Chapter II and copied the highlights below.
We firmly believe that start-ups are a team sport, and we are grateful for the chance to work with all of you. Special thanks to you founders and operators who are creating the future, and have invited us along for the ride.
The Team: Three's Company
Our firm’s most exciting development last year was having Wendy Lim upgrade her role with Burst from part-time Advisor to full-time General Partner. The three of us sat next to one another for years at Yelp and thus had plenty of time to build up trust and inside jokes. We also work well together given our complementary skills in:
Wendy Lim - Operations, Community & Customer Support
Rob Krolik - Finance & Administration
Geoff Donaker - Sales & Marketing
And Advisors
We’re also honored to count three longtime friends & colleagues as Advisors, who help with introductions and advice most relevant to their expertise:
Mike Ghaffary - Business & Corporate Development
Rachel Williams - Recruiting & Diversity
Michael Stoppelman - Engineering & Technology
What Happened So Far
Looking back, we invested in 87 companies between 2017-2021. Here are a few fun facts about those companies:
90% entry at Seed or Series A
72% SaaS or Marketplace business models
70% offer local services or serve local businesses
50% of the time, we knew someone for 10+ years
Typically 5-25 people when we invested
8 companies have since closed their doors
8 publicly-announced unicorns