Racer Capital: Fueling the Future of Innovation

Overview

Racer Capital is a venture capital firm that invests in early-stage technology companies. The firm was founded in 2005 by seed-stage investors Scott Friend and Nick Sturiale. Racer Capital is headquartered in New York City.

Investment Philosophy

Racer Capital invests in companies that are developing innovative technologies that have the potential to transform industries. The firm focuses on companies that are led by experienced entrepreneurs, diversified in terms of vertical (B2B, B2C, Consumer, Enterprise, etc.) and geography.

Portfolio

Racer Capital has invested in over 100 companies, including:

• Airbnb - A peer-to-peer rental service that allows people to rent out their homes to travelers.
• Dropbox - A cloud storage service that allows you to store and share files online.
• Lyft - A ride-sharing service that allows people to request rides from drivers using their smartphones.
• MongoDB - A database that stores data in JSON format.
• Pinterest - A social media platform that allows users to share and discover images.
• Spotify - A music streaming service that allows users to listen to music online and offline.

Investment Process

Racer Capital takes a hands-on approach to investing. The firm works closely with its portfolio companies to help them grow their businesses. Racer Capital typically invests between $1 million and $10 million in each portfolio company.

Exit Strategy

Racer Capital typically exits its investments through IPOs or acquisitions. The firm has had a number of successful exits, including:

• Airbnb - IPO in 2020 at a valuation of $100 billion.
• Dropbox - IPO in 2018 at a valuation of $12 billion.
• Lyft - IPO in 2019 at a valuation of $24 billion.
• MongoDB - IPO in 2017 at a valuation of $1.6 billion.
• Pinterest - IPO in 2019 at a valuation of $12 billion.
• Spotify - IPO in 2018 at a valuation of $29 billion.

Team

Racer Capital has a team of experienced investors who have a deep understanding of the technology industry. The firm's team includes:

• Scott Friend - Co-founder and Managing Partner
• Nick Sturiale - Co-founder and Managing Partner
• Adam Gross - Partner
• Jeff Kirvin - Partner
• Molly Vizenor - Principal

Contact Information

Racer Capital
601 West 26th Street, Suite 1301
New York, NY 10001
(212) 242-4100
[email protected]

Additional Information

Racer Capital is a member of the National Venture Capital Association (NVCA). The firm is also a signatory to the Principles for Responsible Investment (PRI).

Racer Capital has been recognized for its success by a number of organizations, including:

• Forbes - Ranked #1 on the Forbes Midas List of the top venture capital investors in 2020.
• Fortune - Named one of the "50 Best Workplaces for Millennials" in 2019.
• Glassdoor - Rated 4.9 out of 5 stars by employees.

Conclusion

Racer Capital is a leading venture capital firm that invests in early-stage technology companies. The firm has a proven track record of success and a reputation for investing in innovative technologies that have the potential to transform industries.