The Facebook, Path and Brit + Co founders have raised $100 million with James Higa and Nate Bosshard to invest in early-stage health, web3 and consumer tech startups; Apple is a key investor.
Courtesy of James Higa
Offline Ventures has made 12 core investments to date across its three areas of focus. The partners will look to write $1 million to $2 million checks as the first lead institutional investor in companies moving forward, meaning Offline will be found at the pre-seed and seed stages. But the firm will invest larger sums if needed through special purpose vehicles, as it did for Clubhouse, the audio-based social network the Morins backed while it was still just a concept.
Nate Bosshard brings experience from The North Face and Tonal, among other projects, to Offline Ventures.The firm’s focus on health, meanwhile, extends to its term sheets: Offline’s partners say they’re working out new metrics to include in the agreements they sign with portfolio founders to make a “well-being term sheet” a reference point of their company building with measurable impact.
Why should a new generation of entrepreneurs turn to power brokers from the last one for help building their businesses? By working hands on with startups – Brit Morin is working on incubating several projects in web3 and women’s health – the two argue they keep refreshing their credentials by “staying in the arena.”
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