At age 27, Jordan Fudge is quietly making a splash within the VC world.
Fudge is the managing associate of Sinai Ventures, a multi-stage VC fund that manages $100 million and has greater than 80 portfolio firms together with Ro, Drivetime, Kapwing, and Luminary. His 2017 funding in Pinterest — a secondary shares deal from his prior agency that was rolled into Sinai when he spun out — could have returned the worth of Sinai’s Fund I by itself as soon as the lockup on shares expires subsequent week.
Fudge and co-founder Eric Reiner, a Northwestern University classmate, employed workers in New York and San Francisco when Sinai launched in early 2018. As we speak, they’re centralizing the group in Los Angeles for its subsequent fund, a wager on the rising momentum of the native startup ecosystem and their imaginative and prescient to be town’s main Collection A and B agency.
Fudge and Reiner have deliberately stayed off the radar to this point, desirous to show themselves first by means of a monitor report of investments.
An element-time movie financier who additionally serves on the board of LGBT advocacy non-profit GLAAD, Fudge describes himself as an atypical VC agency founder, an edge he’s utilizing to carve out his area of interest in a crowded VC panorama.
I spoke with Fudge to study extra about his technique at Sinai and what led to him founding the agency. Right here’s the transcript (edited for size and readability):
Eric Peckham: Inform me the origin story right here. How did Sinai Ventures get seeded?
Jordan Fudge: I used to be working for Eagle Advisors, a multi-billion greenback household workplace for one of many founders of SAP, targeted on the tech sector throughout public markets, crypto, and ultimately VC offers. Two years in, I pitched them on spinning out to deal with VC and so they seeded Sinai with the non-public investments like Compass and Pinterest I had accomplished already, plus a contemporary fund to take a position out of by myself. It was $100 million mixed.