Obvious Ventures, co-founded by Evan Williams of Twitter, has secured its fifth fund with a notable sum of $360,360,360, continuing its tradition of incorporating math into its fund numbers. The firm’s focus remains on the frontiers of science, technology, and innovation, aligning with its investing philosophy that revolves around planetary health, human health, and economic health.
According to James Joaquin, the co-founder and managing director, the fund size symbolizes a 360-degree perspective on these critical areas, emphasizing the importance of understanding past successes and failures. By keeping fund sizes relatively small, Obvious Ventures aims to ensure that even a single successful investment can significantly benefit the entire fund, prioritizing durability and long-term success.
Despite facing fluctuations in the market, Obvious Ventures has witnessed substantial cash distributions to its limited partners, with multiple companies achieving successful exits in the public market. One notable investment includes Planet Labs, a satellite imagery company, which received backing from Obvious Ventures in 2015.
Source: TechCrunch