1517 Fund

1517 Fund is an Oakland, California-based venture capital firm primarily focused on providing pre-seed and seed funding to technology startups. Distinguishing itself from traditional venture funds, 1517 Fund has a unique investment thesis centered on supporting founders who choose to build and innovate rather than pursue conventional higher education paths. This approach stems from its origins and close association with the Thiel Fellowship, which encourages young individuals to forgo college and pursue entrepreneurial ventures. The firm believes in the power of raw talent and the drive to create, often backing individuals who might be overlooked by other investors due to their non-traditional backgrounds.

The fund's core mission is to empower a new generation of innovators, particularly those under 23 years old, though they also invest in older founders. They actively seek out contrarian thinkers and builders across various technology sectors, including biotech, AI, software, and hardware. 1517 Fund provides not just capital but also mentorship and a supportive community, aiming to foster an environment where ambitious projects can thrive outside established academic or corporate structures. Their philosophy emphasizes practical application and tangible creation over academic credentials.

In terms of investment, 1517 Fund typically writes initial checks ranging from $250,000 to $1,000,000 for their pre-seed and seed-stage investments. This capital is deployed to help early-stage companies develop their products, build their teams, and achieve initial market traction. Since its inception, the firm has demonstrated a prolific investment pace, having made over 150 investments into promising startups. Their portfolio reflects a diverse array of innovative solutions, showcasing their commitment to fostering disruptive technologies.

Beyond financial backing, 1517 Fund acts as a crucial partner for its founders, offering guidance through the challenges of early-stage startup development. Their commitment to empowering individuals who forge their own paths makes them a significant player in the early-stage venture ecosystem, particularly for those seeking an alternative to conventional entrepreneurial routes.