Former GV partner Terri Burns is venturing into a new chapter of her career by launching her own venture firm called Capital Type.
It will focus on early-stage startups, cutting pre-seed and seed size controls, fortune reports. Burns told Fortune that he is still in the early stages of building his company and that he has not yet invested in any company. She confirmed to TechCrunch that she has launched her new venture, but declined to offer more details about her plans or the size of her fund.
The launch of Type Capital is an important milestone as it marks Terri Burns' entry into the select group of Black women with their own venture companies. Black women who have 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 underscores Burns' remarkable journey in the venture industry, which began when she joined GV in 2017. In 2020, at the age of 26, she made history as the firm's first and youngest Black partner.
Burns began her career at twitter as an associate product manager before becoming a Kauffman Fellow and studying computer science at New York University. In 2021, she became the youngest member of the university's Board of Trustees.
During her tenure at GV, Terri Burns played a key role in many of the firm's successful investments. Notably, she led the investment in social app HAGS, which was later acquired by Snapchat. Her participation in the popular Partiful, which has since raised more than $20 million from investors including a16z, further solidified her as an expert consumer trendsetter. She 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, development tools, and, of course, artificial intelligence. Like many early-stage companies, she wants to be the first to sign up. Too often, he said, investors follow the hype train and miss out on good deals while waiting for signals from other investors that a company is worth it. She hopes to find promising founders and use her considerable network to help them find follow-on opportunities, she told Fortune.
