Harry Stebbings, the founder of 20VC, has unveiled his third and final offshoot fund called 20PRODUCT. With $5 million in capital commitments, this new fund aims to invest in early-stage founders looking to start, grow, and scale their companies.
A New Approach to Venture Capital
The way venture capitalists help founders is essentially broken, and the people best suited to help founders are operators. This is the perspective of Harry Stebbings, who believes that a new approach is needed to provide founders with the best service from their investors.
20PRODUCT: A Group of Experts at Your Disposal
20PRODUCT brings together a group of experts from various companies, including Shopify, Nubank, Spotify, Snap, LinkedIn, Ramp, Match, and Xiaomi. These eight founding partners will be staying at their current jobs and participating in the fund on a part-time basis.
- Hugo Barra: Former Vice President of Virtual Reality at Facebook
- Jack Brody: Co-Founder and CEO of Ramp
- Geoff Charles: Former Head of Sales at Spotify
- Glen Coates: Co-Founder and CTO of Nubank
- Tomer Cohen: Former Head of Growth at Snap
- Jag Duggal: Co-Founder and CEO of Match
- Gustav Söderström: Former Chief Product Officer at Spotify
- Will Wu: Co-Founder and CTO of Xiaomi
These experts will provide guidance and support to early-stage founders, helping them navigate the challenges of scaling their companies.
Investment Strategy
20PRODUCT will write checks of $100,000 and more for pre-seed, seed, and Series A companies. The fund won’t do follow-on investments, focusing on providing a one-time boost to help founders get off the ground.
A Limited Partner and Advisor
Harry Stebbings is a limited partner and advisor to 20PRODUCT, bringing his expertise and network to the table.
The Future of Venture Capital
With 20PRODUCT, Harry Stebbings aims to revolutionize the way venture capitalists help founders. By providing access to experienced operators and experts, he believes that founders can get the best service from their investors.
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