The Brothers Altman certainly have a talent to be venture capital. On Tuesday, this was mainly applied to Jack Altman, a co-founder of $ 3 billion, the HR software startup Lattup and brother of the CEO of Openai, Sam Altman.
Jack Altman has just announced a second fund of $ 275 million for his company managed in solo Alt Capital. And from start to finish, it took him a week, he told Wall Street Journal.
His first fund, raised at the beginning of 2024, was $ 150 million, so it was a big step in place. He used it to invest in around 20 companies at the start of the stadium, he said, in particular David AI (a YC alum that makes data sets for speech models) and the manufacturer of unicorn owner.com catering software.
Jack is clearly well connected and has a founding experience, although he left the role of CEO at Lattice in 2024 (he remains president). Of course, Sam was famous president of Y Combinator and is still an active providential investor (but not an LP in this new fund, reports the WSJ). Meanwhile, brother Max Altman is co-founder of Saga Ventures, who collected a 125 million dollars fund in 2024.
