Insights
Mark Goldberg
Kristina Shen
Ethan Kurzweil

Introducing Chemistry…

We’re excited to introduce Chemistry, an early-stage venture firm that leads investments in standout software companies at the Seed and Series A. We’re ready to put Chemistry Fund 1 to work, with $350M of capital to support the founders building the future. 

The idea for Chemistry started with a question – what would a venture firm look like if its success was fully aligned with its founders’ success? For months, we workshopped the answer. It would bring together experienced GPs from top venture firms with complementary networks and investment styles. It would out-hustle the legacy firms that have grown distracted by scale. It would be led by a lean team that brings founder energy and clean slates to the office every day.  

This answer felt more and more like the blueprint for a new firm. As long-time friends who had spent countless hours working side-by-side on deals and in boardrooms, we knew we’d make a great team. We’ve always been aligned - not just on our vision, but our values as well. We’ve seen each other go all-in for founders, and how that approach impacted our portfolio companies. As our working session moved from nights and weekends to an always-on WhatsApp thread, the firm became inevitable. We named it “Chemistry,” a word we consistently used to describe the connection we shared with each other and with the founders we back. 

At Chemistry, we will make a select number of investments, bringing our cumulative expertise and attention to each one. All three of us will actively support each investment. We are the portfolio services team, working in the trenches with our founders.

We’ve collectively led investments in over a dozen unicorns at the early stage, including PagerDuty, Intercom, Persona, Twitch, and Pave. We’ve served on over 50 boards, and led nearly 100 investments. We’ve seen firsthand what happens when the right team clicks at the right moment - as it did for us. 

We’re excited to get to work! But before we do, we have many people to thank. Thank you to our former colleagues and mentors for helping us get to this point, our LPs for believing in us, our founders who supported us through this process, and our many friends and collaborators in the industry who cheered us on and encouraged us along the way.

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October 22, 2024
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