Veteran VCs Trae Vassallo and Neil Sequeira attract $151 million to their new firm, Defy Partners | TechCrunch

TechCrunch| Thu Nov 16 07:00:22 EST 2017
They’re back. After staying heads down for the past year, Trae Vassallo and Neil Sequeira, two longtime venture capitalists whose individual brands are well-known to Bay Area startup founders, are finally taking the wraps off their new venture firm, Defy Partners. As part of the big reveal, they say they’ve closed their debut fund with $151 million in capital commitments, including from endowments,​ ​family​ ​offices,​ ​foundations​ ​and​ ​non-profits. They’re also sharing the firm’s overarching thesis: that the best place to invest right now is in Series A deals. It isn’t a surprising conclusion, considering what’s happening at the other ends of the investing spectrum. Seed investing r..

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