A portfolio of wholly owned companies like Product Hunt (which still counts AngelList as a majority investor and Ravikant on its board) and other new media brands. Hyper itself is trying to establish two lines of business. A mix of media, venture and product figures is probably the right way to go if you want to back yourself into a media empire funded by venture capital returns. It’s a pretty eclectic group, but if you squint you can see the shape of the ambitions that Hyper has reflected in the parties involved. The Hyper concept sounds fresh in combination, if not in components.Ī short list of some of the people involved as advisors, mentors or investors themselves includes Alexis Ohanian, Founder of Seven Seven Six, Serena Williams, Alfred Lin of Sequoia, Garry Tan of Initialized, Harry Stebbings, Jeffrey Katzenberg, Naval Ravikant, Owen van Natta, Ryan Hoover, Ryan Tedder of OneRepublic and Sriram Krishnan of a16z. I had a chat with Buckley, Curtis and Cantor about the new fund and company and the way that they hoped to differentiate Hyper in a world of aggressively service-oriented venture firms. Product Hunt, however, is the first of what the team says will be many companies it will own, create and operate in order to provide ‘direct value’ to its portfolio companies. The fund will exist as a ‘sister company’ to Product Hunt. The fund is taking applicants worldwide though notes that some countries present legal complexities for investment. The team will be writing $300k checks for 5% of very early companies in any arena that seems promising to the partnership in a fixed deal structure that mirrors Y-Combinator. The fund is launching as a straight up venture effort, with a bit of gas added by the Product Hunt association.
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