Former GV partner Terri Burns is embarking on a new chapter in her career by launching her own venture capital firm called Capital type.
The company will focus on early-stage startups, reducing pre-seed and seed size checks, reports Fortune. Burns told Fortune that she is still in the early stages of building her company and has not yet invested in any companies. She confirmed to TechCrunch that her new company has launched, but declined to offer more details about its plans or the size of the fund.
The launch of Type Capital is a significant milestone as it marks Terri Burns’ entry into the select group of black women who own their own venture capital firms. Black women who co-founded or solo-founded their own companies include Jewel Burks Solomon of Collab Capital, Sarah Kunst of Cleo Capital, and Monique Woodard of Cake Ventures.
This achievement further highlights Burns’ remarkable journey in the business industry, which began when she joined GV in 2017. In 2020, at the age of 26, she made history as the firm’s youngest and first black female partner.
Burns began her career at Twitter as an associate product manager before becoming a Kauffman Fellow and studying computer science at NYU. In 2021, he became the youngest member of the university’s board of directors.
During her tenure at GV, Terri Burns was instrumental in many of the company’s successful investments. In particular, he led the investment in social networking app HAGS, which was later acquired by Snapchat. Her involvement in the popular Partiful, which has since raised over $20 million from investors including a16z, further cemented her as a savvy consumer taster. He is an angel investor and also co-founded an angel investment collective that has invested in at least 11 companies, including Clubhouse.
Burns is interested in Gen Z founders, digital consumer companies, developer tools and, of course, artificial intelligence. Like many early-stage companies, he wants to be the first to check-in. Too often, he said, investors ride the hype train, missing out on good deals as they wait for signals from other investors that a company is worthwhile. She hopes to find promising founders and use her considerable network to help them find follow-on opportunities, she told Fortune.
