Home / Tech News / Obvious Ventures closes an irrationally sized third fund

Obvious Ventures closes an irrationally sized third fund


Obvious Ventures closes an irrationally sized third fund – TechCrunch

Obvious Ventures, the firm co-founded by Medium CEO and Twitter co-founder Ev Williams, announced today that it has closed its third fund “OV3” at $271,828,182, a number that the graphing calculator-owning among us may recognize as e or Euler’s number.

When asked whether the firm had to return any LP money just so it could land at its magic number, Obvious’s Gabe Kleinman threw a “no comment” my way.

The firm has a bit of a tradition in being cutesy with its fund sizes. Their first fund was $123,456,789 and the second fund clocked in at $191,919,191. The focus on the naming scheme isn’t an accident, there isn’t too much to draw attention to with this fund in terms of changes to Obvious’s investment strategies, Kleinman tells TechCrunch.

“We’re investing in companies that are reimagining trillion dollar categories,” Kleinman tells TechCrunch. “… and these play out across our three themes, which are sustainable systems, healthy living and ‘people power.’”

Obvious saw some successful exits in 2019, including the public offering of Beyond Meat.

ntn

 n”,”protected”:false},”excerpt”:”rendered”:”

Every radical turn in technology history has its great entrepreneur, and for space that person is SpaceX founder Elon Musk. His unswerving conviction that u201cspace must be affordableu201d led him to disrupt the old-school space launch industry with reusable Falcon 9 boosters, an achievement that has inspired hundreds of entrepreneurs and investors to take up […]n”,”protected”:false,”author”:36697590,”featured_media”:1932023,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”jetpack_publicize_message”:”Disrupting Space: A new event from TechCrunch https://tcrn.ch/3a5l7KD”,”categories”:[426985170,174,17396],”tags”:[],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[576727286],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png”,”jetpack_publicize_connections”:[],”shortlink”:”https://tcrn.ch/3a5l7KD”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[],”associatedEvent”:”ad”:”display”:true,”title”:”Tickets are now available to discover the next frontier in space – get yours now and save $150″,”override_link”:””,”date”:1593043200,”link”:”https://techcrunch.com/events/tc-sessions-space-2020/”,”status”:”pre”,”title”:”TC Sessions: Space 2020″,”termID”:576727286,”event”:1931495,”authors”:[1551056],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1932016″],”version-history”:[“count”:8,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016/revisions”],”predecessor-version”:[“id”:1932324,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016/revisions/1932324″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/guest-authors/ned-desmond”],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=1932016&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/36697590″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1932023″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=1932016″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=1932016″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=1932016″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1932016″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1932016″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=1932016″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:1551056,”name”:”Ned Desmond”,”link”:”https://techcrunch.com/author/ned-desmond/”,”description”:”Ned Desmond is COO of TechCrunch. He was also responsible for Crunchbase from April 2012 until September 2015, when Crunchbase spun out of AOL/Verizon to become a standalone, venture-backed company. “,”slug”:”ned-desmond”,”links”:”facebook”:”http://www.facebook.com/ned.desmond”,”twitter”:”http://twitter.com/neddesmond”,”linkedin”:”http://www.linkedin.com/in/neddesmond”,”crunchbase”:”https://www.crunchbase.com/person/ned-desmond”,”position”:”Contributor”,”cbDescription”:”

Ned Desmond is the COO of TechCrunch General Manager of AOL Tech and Engadget.nn

He was also responsible for CrunchBase from April 2012 until September 2015, when Crunchbase spun out of AOL/Verizon to become a standalone, venture-backed company, in partnership with Emergence Capital.nn

Previously he was the founder and president of GoSportn, an enthusiast media company, which launched GoFISHn.com and GoHUNTn.com.nn

Prior to GoSportn, Desmond was head of digital at Time Inc. for six years, founder of eCompany Now (later merged with Business 2.0), and held senior management roles at Disney and Infoseek. He launched Infoseek Japan with Joi Ito, which was acquired in 2000 by Rakuten.nn

He came to Silicon Valley in 1996 after working for nearly a decade in Asia as a correspondent for Time magazine.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1424104421/oqumptm9ol5t0fxguhu2.jpg”,”twitter”:”neddesmond”],”author”:[“id”:36697590,”name”:”Ned Desmond”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/ned-desmond/”,”slug”:”ned-desmond”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/913044563c931a6ab317420f22c24300?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/913044563c931a6ab317420f22c24300?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/913044563c931a6ab317420f22c24300?s=96&d=identicon&r=g”,”links”:”facebook”:”http://www.facebook.com/ned.desmond”,”twitter”:”http://twitter.com/neddesmond”,”linkedin”:”http://www.linkedin.com/in/neddesmond”,”crunchbase”:”https://www.crunchbase.com/person/ned-desmond”,”position”:”COO”,”cbDescription”:”

Ned Desmond is the COO of TechCrunch General Manager of AOL Tech and Engadget.nn

He was also responsible for CrunchBase from April 2012 until September 2015, when Crunchbase spun out of AOL/Verizon to become a standalone, venture-backed company, in partnership with Emergence Capital.nn

Previously he was the founder and president of GoSportn, an enthusiast media company, which launched GoFISHn.com and GoHUNTn.com.nn

Prior to GoSportn, Desmond was head of digital at Time Inc. for six years, founder of eCompany Now (later merged with Business 2.0), and held senior management roles at Disney and Infoseek. He launched Infoseek Japan with Joi Ito, which was acquired in 2000 by Rakuten.nn

He came to Silicon Valley in 1996 after working for nearly a decade in Asia as a correspondent for Time magazine.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1424104421/oqumptm9ol5t0fxguhu2.jpg”,”twitter”:”neddesmond”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/36697590″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:1932023,”date”:”2020-01-12T14:32:40″,”slug”:”tc-sessions-space-post-image”,”type”:”attachment”,”link”:”https://techcrunch.com/2020/01/13/disrupting-space-a-new-event-from-techcrunch/tc-sessions-space-post-image/”,”title”:”rendered”:”TC Sessions Space Post Image”,”author”:70113879,”license”:””,”authors”:[70113879],”caption”:”rendered”:””,”alt_text”:””,”media_type”:”image”,”mime_type”:”image/png”,”media_details”:”width”:2161,”height”:1297,”file”:”2020/01/TC-Sessions-Space-Post-Image.png”,”sizes”:”thumbnail”:”file”:”TC-Sessions-Space-Post-Image.png?resize=150,90″,”width”:150,”height”:90,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=150″,”medium”:”file”:”TC-Sessions-Space-Post-Image.png?resize=300,180″,”width”:300,”height”:180,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=300″,”medium_large”:”file”:”TC-Sessions-Space-Post-Image.png?resize=768,461″,”width”:768,”height”:461,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=1024″,”large”:”file”:”TC-Sessions-Space-Post-Image.png?resize=680,408″,”width”:680,”height”:408,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=680″,”1536×1536″:”file”:”TC-Sessions-Space-Post-Image.png?resize=1536,922″,”width”:1536,”height”:922,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=1536″,”2048×2048″:”file”:”TC-Sessions-Space-Post-Image.png?resize=2048,1229″,”width”:2048,”height”:1229,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=2048″,”guest-author-32″:”file”:”TC-Sessions-Space-Post-Image.png?resize=32,32″,”width”:32,”height”:32,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=32&h=32&crop=1″,”guest-author-50″:”file”:”TC-Sessions-Space-Post-Image.png?resize=50,50″,”width”:50,”height”:50,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=50&h=50&crop=1″,”guest-author-64″:”file”:”TC-Sessions-Space-Post-Image.png?resize=64,64″,”width”:64,”height”:64,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=64&h=64&crop=1″,”guest-author-96″:”file”:”TC-Sessions-Space-Post-Image.png?resize=96,96″,”width”:96,”height”:96,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=96&h=96&crop=1″,”guest-author-128″:”file”:”TC-Sessions-Space-Post-Image.png?resize=128,128″,”width”:128,”height”:128,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=128&h=128&crop=1″,”concierge-thumb”:”file”:”TC-Sessions-Space-Post-Image.png?resize=50,30″,”width”:50,”height”:30,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png?w=50″,”full”:”file”:”TC-Sessions-Space-Post-Image.png”,”width”:1024,”height”:615,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png”,”image_meta”:”aperture”:”0″,”credit”:””,”camera”:””,”caption”:””,”created_timestamp”:”0″,”copyright”:””,”focal_length”:”0″,”iso”:”0″,”shutter_speed”:”0″,”title”:””,”orientation”:”0″,”keywords”:[],”filesize”:2997754,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media/1932023″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/attachment”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1932023″],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″]],”wp:term”:[[“id”:426985170,”link”:”https://techcrunch.com/tc-events/”,”name”:”Events”,”slug”:”tc-events”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/426985170″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=426985170″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:174,”link”:”https://techcrunch.com/space/”,”name”:”Space”,”slug”:”space”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/174″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=174″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=174″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=174″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:17396,”link”:”https://techcrunch.com/tc/”,”name”:”TC”,”slug”:”tc”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/17396″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=17396″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[],[],[],[“id”:576727286,”link”:”https://techcrunch.com/event-type/sessions/tc-sessions-space-2020/”,”name”:”TC Sessions: Space 2020″,”slug”:”tc-sessions-space-2020″,”taxonomy”:”tc_event”,”rapidData”:”pt”:””,”pct”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576727286″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_event”],”up”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/449559507″],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tc_event=576727286″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_events?tc_event=576727286″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tc_event=576727286″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]]]}}],”ec”:[{“id”:1932726,”date”:”2020-01-14T13:19:29″,”date_gmt”:”2020-01-14T21:19:29″,”guid”:”rendered”:”https://techcrunch.com/?p=1932726″,”modified”:”2020-01-14T17:19:03″,”modified_gmt”:”2020-01-15T01:19:03″,”slug”:”is-instacarts-wider-rollout-of-pickup-an-attempt-to-sidestep-labor-laws”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2020/01/14/is-instacarts-wider-rollout-of-pickup-an-attempt-to-sidestep-labor-laws/”,”title”:”rendered”:”Is Instacart’s wider rollout of Pickup an attempt to rely less on gig workers?”,”content”:{“rendered”:”

Earlier today, Instacart more widely rolled out its Pickup product, which enables customers to retrieve groceries directly from stores. The announcement comes just a day after Instacart shoppers unveiled their latest action to #DeleteInstacart, another step in the ongoing series of protests against the grocery startup’s wage and tipping practices.n

Next Monday, Instacart workers are asking customers and the general public to tweet at Instacart, telling the company they will delete Instacart until the company meets their demands. They wrote:n

We have fought for fair pay, but Instacart continues to lower it. This current protest only has one small demand — to raise the app’s default tip amount back to 10%. This is the same default setting Instacart had originally, but the company has repeatedly lowered it (as well as resorted to outright theft) to take it away from us. Combined with their recent bonus-cutting act of retaliation, workers are now bleeding out of both sides — our pay is too low AND the default tip amount is too low.n

In a statement, Instacart said it’s tested a number of default tip options over the years, including a 10% default, no default and a 5% default. That has been in place for the last two years.n

“Ultimately, we believe customers should have the choice to determine the tip amount they choose to give a shopper based on the experience they have,” an Instacart spokesperson said. “The default amount serves as a baseline for a shopperu2019s potential tip, and can be increased to any amount by the customer.”n

In light of a new California gig worker protections law, which Instacart opposes, the greater push into pickup services could be a way for the company to beef up its argument that gig workers are free from the control of Instacart, and that its part-time workers* do the bulk of what Instacart says is its fastest-growing business.



Source link

About admin

Check Also

Daily Crunch: Apple revises App Store rules

n”,”protected”:false},”excerpt”:”rendered”:” Apple’s making App Store changes, China might stop TikTok’s acquisition and we talk to ...

Leave a Reply

Your email address will not be published. Required fields are marked *