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 advised The Wall Road Journal.
His first fund, raised in early 2024, was $150 million, so this can be a large step up. He used it to put money into about 20 early-stage firms, 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 position at Lattice in 2024 (he stays chairman). After all, Sam was famously president of Y Combinator and remains to be an lively angel investor (however not an LP on this new fund, the WSJ studies). In the meantime, brother Max Altman is a co-founder of Saga Ventures, which raised a $125 million fund of its personal in 2024.