Source: Fortune
Summary
Stacy Brown-Philpot, former TaskRabbit CEO, is leading Cherryrock Capital with a focus on early-stage investments and a more personal approach. The firm’s investments are often smaller, with a median check size of $1 million. Brown-Philpot aims to build relationships with founders and provide guidance. Cherryrock Capital has invested in companies like Bubble, a website builder, and Mural, a digital workspace platform.
Our Reading
The launch follows a familiar script.
Cherryrock Capital’s approach is being touted as a return to venture capital’s earlier days. The firm is focusing on early-stage investments with smaller check sizes. Brown-Philpot is emphasizing the importance of building relationships with founders. This sounds like a rebranding of the “partnership” approach that VCs have claimed to offer for decades. Because what’s old is new again in venture capital.
Author: Evan Null
