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Max Altman's Saga Ventures: Unlikely Trio Investing Beyond Silicon Valley Hype 🚀

Max Altman’s Saga Ventures: Unlikely Trio Investing Beyond Silicon Valley Hype 🚀

Max Altman’s Saga Ventures: A Fresh Take on Venture Capital

At Max Altman’s Saga Ventures, an unlikely trio consisting of Max Altman, Ben Braverman, and Thompson Nen have raised a substantial $125 million fund. This venture aims to invest outside the typical Silicon Valley hype and focus on early-stage software startups. The trio, with backgrounds in various successful ventures, brings a unique perspective to the world of venture capital. Let’s dive into how Saga Ventures plans to revolutionize the tech investment landscape.

Max Altman’s Background in Venture Capital

  • Max Altman, a Zenefits alum and former investor, collaborated with brothers Sam and Jack in various investment endeavors.
  • Altman’s decision to branch out from Silicon Valley and start Saga Ventures in Austin, Texas, marked a new chapter in his career.
  • By teaming up with Flexport executive Ben Braverman and entrepreneur Thompson Nen, Altman formed an exceptional partnership with complimentary skills and networks.

The Birth of Saga Ventures

  • Altman, Braverman, and Nen came together to form Saga Ventures after meeting in San Francisco and realizing their shared vision for a new kind of venture capital firm.
  • The $125 million fund focuses on early-stage software startups with a plan to invest in approximately 30 companies, providing them with $2 to $2.5 million per investment.
  • Saga Ventures’ strategy revolves around investing in classic software as a service startups in categories like work software, fintech, AI, and other innovative areas.

Revolutionizing Venture Capital

  • Saga Ventures aims to approach venture capital differently by focusing on applications for people outside the tech industry.
  • Altman believes in using technology, such as AI, to solve complex problems that affect the general population, not just tech-savvy individuals.
  • Building tools that can be utilized by individuals across different regions is a key aspect of Saga Ventures’ investment philosophy.

Max Altman’s Journey in Venture Capital

  • Altman’s experience in various venture capital firms, including hydrazine Capital, Apollo projects, and Alman Capital, shaped his approach to investing.
  • His time at Zenefits and other successful startups underscored the importance of creating products that cater to a broader audience beyond the tech sector.
  • Altman’s partnership with his brothers in ventures like Apollo projects and Alman Capital laid the foundation for his future collaboration with Braverman and Nen.

The Trio Behind Saga Ventures

  • Ben Braverman, with his background as a Chief Revenue Officer at Flexport, brings valuable insights into the logistics and tech sectors to Saga Ventures.
  • Thompson Nen, an accomplished entrepreneur and angel investor, adds a fresh perspective to the trio with his successful startup exits and Y Combinator connections.
  • Together, Altman, Braverman, and Nen form a powerhouse team with diverse skills and experiences to drive Saga Ventures’ success.

Hot Take: Embracing a New Era of Venture Capital

As a crypto enthusiast, you can learn valuable lessons from Max Altman’s Saga Ventures. By focusing on diverse applications of technology and investing in startups with broad-reaching potential, Saga Ventures is poised to make a significant impact in the venture capital world. Embrace this new era of venture capital with Saga Ventures and stay tuned for exciting developments in the tech startup landscape.

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Max Altman's Saga Ventures: Unlikely Trio Investing Beyond Silicon Valley Hype 🚀