Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments

Sep 09, 2019 - TechCrunch

Not all venture firms are long for this world. Though they tend to shut down exceedingly quietly, it sometimes happens when the returns just aren’t compelling or a firm grows too fast or there’s infighting or there’s not a solid succession plan.

Foundation Capital, founded in 1995, had its own kind of reckoning in the aftermath of the 2008 financial crisis owing to a little bit of all of these things.

Like a lot of firms that had begun to raise ever-bigge...