The Prologue team: Experienced founders who understand the pain points of recruiting and distribution Both firms will participate in our Prologue Summit, coming up in Spring 2022, and we could not be more humbled to have them on board.
His experience building companies like Zappos, Airbnb, and many others, along with the impact he has made as an investor will provide incredible value to Prologue and our founders. Alfred will advise on Prologue's strategy as well as host office hours with Hyper companies. With this financing, we’re glad to welcome Sriram to the Prologue Board, where his expertise as both an operator and investor at some of the world's largest social and community driven platforms will prove valuable to both our team and our founders. Today, we’re thrilled to announce that a16z and Sequoia have come on board as lead investors in Prologue. Sriram Krishnan at a16z and Alfred Lin at Sequoia have been partners to us, and Marc Andreessen, Chris Dixon and Alfred invested in the Hyper fund earlier this year. Since Hyper’s start, we’ve been lucky to work alongside some of the best in the industry.
We’ll also be looking for new ways to add other companies and brands to Prologue that share our view that the best entrepreneurs will be found worldwide. It will allow both Hyper and Product Hunt to make an even greater impact for the entrepreneurs and makers we serve. While it’s still early days for Prologue, we’re excited about the opportunities ahead. As we add more brands within this structure, it increases the network effects of the flywheel, resulting in stronger distribution and an increasingly powerful business model. Having Hyper and Product Hunt operate within this new parent company gives us strong competitive advantages to identify and fund the best founders, and provide them with high-quality distribution and a world-class tech community. Over $100B in start-up value has been launched on Product Hunt since its start in 2013, including the likes of Stripe, Airtable, Zoom, and Robinhood, and every day future unicorns come to the site in search of their first true fans. Meanwhile, Product Hunt is a millions-strong global community for early-stage entrepreneurs, making it the perfect place for us to identify, fund, and amplify anomalous talent. Hyper focuses on funding a small group of high-quality founders a few times a year, and helping them "stage up." The team and their strong networks help with two of the biggest pain points founders face today: distribution and hiring. Prologue is a holding company that today brings together two brands: Hyper, a $60 million early-stage venture firm, and Product Hunt, the longtime home to early-stage innovation in tech. To help us propel the next generation of entrepreneurs, we’re also excited to announce that Prologue has raised $23 million from Andreessen Horowitz (a16z) and Sequoia Capital.
Our vision is to bring the culture, community, and collaboration that happens in Silicon Valley to founders globally, and we’re ready to get to work. Today we are unveiling Prologue, a flywheel of tech and media brands that will help founders navigate a world where capital is abundant, attention is scarce, and Silicon Valley is decentralizing.
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