Jaclyn Freeman Hester is Foundry Group's first true apprentice who pioneered their internal apprenticeship path and converted it into a partner role, giving her the rare experience of transitioning from outsider lawyer to core investing partner within a famously flat partnership structure. She brings an unusually deep GP+LP dual perspective, having helped design and launch Foundry's institutional partner fund strategy while leading direct investments, making her a go-to sounding board for emerging VCs who want tactical advice on both raising from LPs and constructing their own funds.
What they've been talking about across their social media accounts

- Focuses heavily on the local Colorado startup ecosystem, particularly around Denver and Boulder. Openly advocates for the region and actively seeks out connections with local founders, for example by launching dedicated office hours specifically for Colorado based startups that have recently completed their post seed funding rounds.
- Dedicates significant time to writing educational content designed to help founders understand the inner workings of the venture capital business. Publishes an ongoing series explaining concepts like how partnership dynamics work inside a firm, how startups fit into a venture fund strategy, and how investor fundraising cycles ultimately impact founders.
- Invests in and collaborates with a vast network of other venture capital teams through a partner fund community. Frequently champions other funds on the timeline, publicly congratulating teams like Basis Set, Uncork Capital, and Kindred Ventures on their milestones and expressing pride in working alongside them.
- Shows specific investment interest in consumer platforms and physical community spaces. Actively puts out calls to meet founders who are building businesses focused on in real life experiences, and shows support for niche consumer marketplaces like platforms built for artisan food creators.
About their Fund
Sectors
Devtools, Deeptech / Hardware, Marketplaces, Web3 / Crypto, Consumer
Rounds
Seed - Series B+
Avg Check Size
$5M - $15M
Notable Investments
Foundry Group operates as both a direct investor in startups and an LP in other venture funds, creating a curated network of like-minded partners rather than just providing capital, while maintaining an unusual flat partnership structure with no associates or analysts where equal partners do all the work themselves. The Boulder-based firm organizes investments around long-lived horizontal themes like "glue" and "protocol" rather than traditional sectors, and has built their brand on radical transparency by publishing playbooks, openly discussing fund decisions, and "open sourcing" their approach through books, blogs, and podcasts.
Notable Fund
Investments
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