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Titanium**Note:This article is ** on WeChat *** Silicon Rabbit Race (ID: SV Race), author |Ringo, edited by Zuri, Titanium ** is published with permission. On the big stage of technology investment, the Ultraman Brothers have become more and more popular.
Recently,Sam Ultraman's younger brotherJack UltramanIn an interview revealed his venture capital firmalt capital1$500 million, his investment targets the enterprise software sector, especially startups that are involved in artificial intelligence.
Interestingly, the two brothers are also very good at building momentum for themselves.
No, Sam Altman also recently said that he would seek to raise $7 trillion to reshape the global semiconductor industry, and as soon as the news came out, it instantly turned Jack Altman's dynamics into inconspicuous, and the two also joked back and forth on Twitter.
Jack publicly appealed to Sam: Give me a week to show what I've accomplished, you should calm down first. Sam also half-jokingly responded, "Mind yourself first, and then we'll do big things together." ”
In the face of all kinds of friendly ridicule from netizens, Jack Ultraman teased himself and joked that the next **news headline may be "Ultraman Brothers Raise 100015 trillion dollars", which is like a humorous metaphor of "I scored 83 points with Kobe".
In fact, as the younger brother of Sam Ultraman, although not as dazzling as his brother in this era of artificial intelligence, Jack Ultraman is not an idle person.
Jack Altman is a successful entrepreneur. He founded a unicorn companylattice
A startup that sells custom t-shirtsteespringIn 2015, Jack Altman decided to do something about it, and he founded Lattice and led the San Francisco-based HR software company to shift the focus of performance management from employee evaluation to career development.
Right: Jack Altman Source: Arcdev
He believes that today's employees are looking for more meaning to work than ever before and have more options than ever before, Lattice will help their employers improve, as a conceptually advanced employee performance cloud platform, Lattice mainly focuses on performance review and goal management, helping HR teams get the most information about their employees.
As more and more customers find Lattice to be a great fit for developing high-performing, engaged employees, Lattice has become one of the most watched HR tools. By 2022, Lattice's annual revenue will exceed 100 million yuan, and it has been listed in Inc. for two consecutive yearsA list of the 500 fastest-growing private companies working with clients including Coinbase, Instagram, Slack, and WeWork, to name a few. In the same year lattice completed 1The $7.5 billion Series F round was valued at a whopping $3 billion, which excited investors, including Thrive Capital and Tiger Global Management.
Perhaps it was a successful retirement, or perhaps a more exciting adventure beckoning the entrepreneur, and in 2023, Jack Altman said goodbye to his position as CEO of Lattice and became executive chairman. In an interview with Business Insider, he bluntly admitted that he was tired of running a mature and stable start-up and longed to return to his true passion: "budding" the business at the earliest stage of the business life cycle.
In a LinkedIn post, Jack Altman highlighted his concern about the phenomenon of "a team that understands that they have created a major breakthrough, but the rest of the world is not aware of it", arguing that investors can help in two ways: "First, provide companies with high-quality advice based on the company's background and personal experience. Second, leverage their network to help companies acquire customers, money, and talent faster. ”
However, Sam Altman will not be involved in the new ** this time. He said in JulyDue to OpenAI's increasingly important role in the overall tech world, the pace of his personal investments has slowed.
It is worth mentioning that Jack Altman is another younger brotherMarxUltraman, a former investor at Alt Capital, is also busy raising his own venture capital**.
Max Altman Source: WSJ
Max Altman revealed, is and beforeflexportExecutivesben br**ermanas well as beforeblockExecutivesthomson nguyenCooperation, ** scale target of $200 million, investment in the early stage.
Earlier, the three Ultraman brothers also jointly established a venture capital companyapollo, which focuses on investing in super-cutting-edge technology companies, mainly led by Sam's two younger brothers.
Apollo Projects' investment track record also includes some notable transactions, such as its involvement in a California startup in 2023kobold metalsof 1$9.5 billion funding round. Kobold uses artificial intelligence to mine valuable metals such as cobalt, copper, nickel and lithium, which are used to produce batteries for various industries, including electric vehicles. The company has built a database of the Earth's layers and uses algorithms to mine deposits around the globe. Kobold is valued at 11$500 million, and also received an investment from Breakthrough Energy Ventures, which is backed by Bill Gates and Jeff Bezos.
These successful entrepreneurial and investment experiences in the technology field have raised our expectations for how the three Ultraman brothers will expand their investment in the future.
According to the latest data, Sam Altman's personal fortune is more than $2 billion, but this family fortune does not come from OpenAI because he does not own a stake in the company. His personal wealth comes mainly from years of venture capital, and Sam will get very substantial returns in Reddit's future IPOs because he is Reddit's largest shareholder.
Source: CB Insights
Sam Altman is one of Silicon Valley's most active investors, working in areas ranging from renewable energy to healthcare and, of course, artificial intelligence.
According to Crunchbase,Sam Altman has made nearly 100 investments as an individual investor. However, based on his five-year experience as CEO of Y Combinator incubator, it is widely believed that his actual investment may be much higher than that.
Although Altman's full list of investments is difficult to exhaust, as an individual investor, he has invested in at least nine unicorn companies, including San Francisco-based HR technology startupsgusto, a brain-computer interface company based in Fremont, Californianeuralink, and a San Francisco-based cyber insurance companycoalition
Altman has made significant investments through a number of corporate entities, including Altman Capital, Apollo Projects, and Hydrazine Capital.
During his five-year tenure as President, he assisted Y Combinator in leading investments in a number of key companies, including:cruiseinstacartwithreddit
However, anyone who thinks that Altman's focus as an individual investor is solely focused on AI applications will be proven wrong. He did invest in a lot of AI companies, such as startups that he invested in in the early daysrain, a chip that mimics the way the human brain works, enabling AI algorithms to run faster and reduce energy costs; There are also applications of artificial intelligence in biotechnology and health, such as:1910 geneticswithspring discoveryBoth companies are integrating AI, computing, and bioautomation to improve drug development.
But Altman also invested in an alternative asset trading platformalt, a social platform that allows people to buy, **, and store sports cards, as well as serve the LGBTQ+ crowdqueer spaces。
Most recently, he also led a New York-based edtech startup with other investorscampus.edu$29 million in financing.
In energy and environment, Altman has led startupshelion energyThe company is working to develop the world's first nuclear fusion generator. He also supported the New York companynautilus labs, which uses machine learning to help maritime transportation companies reduce emissions and fuel waste while maximizing business returns.
Fintech and e-commerce have also been his areas of focus, including cryptocurrency. He invested in New York startupsarkham intelligence, a de-anonymized blockchain company that aims to enable users to better view transaction information.
While there are several startups that utilize AI that are supported by Ultraman, such as the AI time management platformmotionand pilot assistant technology developersbeacon ai, but the diversity of his portfolio suggests that even ChatGPT can't make his next trade.
For start-ups, the olive branch of the three Ultraman brothers is certainly very attractive, because it means all-round support, not only funding, but also a wealth of experience and network. After all, having a strong network in Silicon Valley is key to investment success, and the brothers' long-term experience in the industry allows them to provide a wider range of resources and support to their portfolio companies.
Considering the diversity and breadth of Ultraman's own investment landscape, the addition of the three brothers to the investment field will inevitably strengthen their influence in the investment field as a whole, and will also make the market's expectations and speculation about their future movements reach a peak. It may not be long before we can see which startup can make a difference from Alt Capital's 1$500 million in a piece of the pie.