Neo's communal fund is made up of over one hundred investors, including CEOs, CTOs, and founders of companies like Amazon, Airbnb, Affirm, Dropbox, Meta, Google, Microsoft, Quora, and Stripe. Neo does not limit its investments by industry, but invests in "ambitious teams with strong technical leadership." Approximately half of its investments go to women or minority-led businesses. Neo takes small stakes in businesses; it offers $125,000 for 2.5% worth of stake in the company and $500,000 that also converts to equity, for no more than 2.5% worth of the company.
Associated Investment Funds
Funding Rounds Participated In
Neo, a new 'communal' venture fund by Ali Partovi, has closed with $80 million
August 21, 2018