Jeff Clavier's Uncork Capital unveils new team and strategy
Silicon Valley venture capital firm Uncork Capital is expanding both its team and its strategy, Axios has learned.
Why it matters: Uncork is one of the earliest seed-stage investment firms, founded in 2004 by Jeff Clavier.
Personnel moves: Uncork is adding two new general partners in Tripp Jones (ex-August Capital) and Susan Liu (Scale Venture Partners). It's also promoting Andy McLoughlin to co-managing partner, alongside Clavier.
Barbell strategy: Uncork is currently investing its sixth seed-stage fund and its first opportunities fund for existing portfolio companies, both sized at $100 million and around two-thirds committed.
- Expect it to eventually raise follow-ons for both strategies, and also to add a new later-stage fund focused on its "anti-portfolio," or companies it was pitched but didn't back at the seed stage (e.g., Airbnb and Coinbase).