Keep pulling the thread on Katelin Holloway.
Katelin Holloway's core thesis is that early-stage investing is fundamentally about people and systems, making the skill set of an HR executive an exact match for venture capital.
776 seeded StarCloud, a company founded by Philip Johnson that is building data centers in space.
Within a month of 776's investment, StarCloud received public support from prominent figures including Elon Musk, Sam Altman, and Jeff Bezos.
776 invested in Lamb Division, a company manufacturing artificial retinas in zero gravity with the goal of curing all retinal diseases.
Prior to Katelin Holloway's tenure at Reddit, the company had three different CEOs in less than one year.
The venture firm 776 developed a proprietary software operating system called Cerebro to scale its operations and make its network fully accessible to portfolio company founders.
At 776, all firm members are invited to pitches and anonymously input their feedback into the Cerebro system to help the partnership make investment decisions.
776 operates as a generalist venture fund, a strategy influenced by Alexis Ohanian's experience at Initialized Capital, which backed diverse companies like Coinbase and Instacart.
The venture firm 776 underwrites every investment with the expectation that it can return the entire fund, and it focuses on leading deals to achieve specific ownership targets.
776 offers a "Growth and Caregiving Program" that provides founders with grants from a separate capital pool for personal development or family care needs.
Katelin Holloway claims that executive hires placed by venture firms have a typical tenure of less than 18 months because they are often a cultural mismatch.
Katelin Holloway advises early-stage founders to "hire when it hurts," meaning they should perform a job themselves for several months before hiring someone to fill the role.