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Foundation Capital is a venture capital firm headquartered in Palo Alto, California. It invests primarily in consumer, enterprise, and fintech companies. The firm was founded in 1995.

History
Foundation Capital was founded in 1995 by Kathryn Gould, Jim Anderson, and Bill Elmore. By 1999, it had $200 million in assets under management across 25 companies it invested in. Many of Foundation Capital's early investments were in online lending and green technology, such as smart grid companies.

Foundation Capital raised increasingly larger sums of money from investors, reaching its largest funding round for $750 million in 2008. The money was intended for investing in late-stage companies. The next funding in 2013 was for $282 million, after the number of investing partners went from 13 to 8. TechCrunch said the smaller funding was caused by mediocre returns during the financial crisis of 2007–2008, whereas Foundation Capital said the firm was just returning to normal after an exorbitantly high 2008 funding round.

Foundation Capital rebounded with new hires and larger funds later on. Ashu Garg, Charles Moldow, and Steve Vassallo were appointed as new general partners. It raised $325 million two years later and $350 million in 2019.

Investments
Foundation Capital has three main practice areas: Consumer, Enterprise, and Financial Technology. As of 2019, Foundation Capital was making about 10 to 12 investments per-year for about $6 - $10 million each investment. As of 2010, a typical investment was for about $20 million in funding over several rounds, often starting at the Series A funding round.

Some of the companies Foundation Capital has invested in include:
 * Netflix
 * Lending Club
 * Bolt Threads: Biomaterials
 * Cerebras: Semiconductors
 * States Title: Insurance technology
 * TubeMogul: Advertising system
 * Chegg: Student textbooks

Foundation Capital also hosts an entrepreneur in residence program, where it acts as a startup incubator for a serial entrepreneur. Ashu Garg, a general partner at Foundation Capital, has a podcast called How to B2B a CEO, where he interviews CEOs and people in the venture capital industry. Additionally, General Partner Steve Vassallo authored a book called The Way to Design.