Today I have Raj Ganguly with me. Raj is the co-founder of B Capital, a global multistage venture fund that he built with Eduardo Saverin and Howard Morgan. B Capital has grown extremely rapidly and I believe may now be LA’s largest venture fund.
So, let's start with where you are now with your funds and with B Capital's growth.
We started off as a growth fund in late 2015, early 2016. We added a venture fund that was our own money initially, and then my absolutely awesome co-founder Howard Morian decided to run it with Gabe Greenbaum and Karen Page. And so we now do venture, we do growth and the latest funds have taken us across 5 billion AUM right now.
But I have to be honest, that's never really been our focus, I think at the end of the day this is a pretty simple business--you try to back the best founders and be a little bit helpful to them. And we've now backed about 130 founders over the last five and a half years.