TLDR:
- Jeff Bezos’ brother Mark and PE veteran David Moross have launched a new VC arm called HIPstr with a $100M fund.
- HIPstr aims to take advantage of lower startup valuations and has already invested in companies like Wild Common and After.com.
Article Summary:
HighPost Capital, a private equity firm led by Mark Bezos, has introduced a new venture capital arm called HIPstr with a debut fund of $100 million. The focus of HighPost Capital is on consumer companies, and HIPstr intends to capitalize on the reduced startup valuations in recent years. The fund has already made investments in several early-stage startups, including Wild Common and After.com.
