Seth Levine

Co-Founder & Partner, Foundry Group
Seth Levine, co-author of books about overlooked entrepreneurs and inclusive capitalism, uses a non-scalable partner-led sourcing and board model and founded GoodBread, which applies character-based lending to overlooked founders.
How to contact Seth Levine
Stages their fund invests in
N/A
Avg Check
$5M - $15M
N/A
Does their fund Lead?
Yes
N/A
Geos their fund invests in
USA
Seth Levine
Stages their fund invests in
N/A
Sectors their fund invests in
Devtools
Deeptech / Hardware
Marketplaces
Web3 / Crypto
Consumer
N/A
Avg Check
$5M - $15M
N/A
Leads?
Yes
N/A
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About Seth Levine

Seth Levine co-authored "The New Builders" and "Capital Evolution," books that spotlight overlooked entrepreneurs and reimagine American capitalism to include more people in ownership and economic upside. He operates with an unusual "non-scalable" venture model at Foundry Group, where partners handle their own sourcing and board work without layers of associates, and recently founded GoodBread, a lending platform that uses character assessment to extend capital to entrepreneurs overlooked by traditional banks.

Seth Levine's Interests

What they've been talking about across their social media accounts
  • Deeply focused on the evolution of capitalism and how modern entrepreneurship can create a more equitable economic future. Promoting a recently published bestselling book on this subject makes up the vast majority of recent public updates. A founder could easily connect by discussing how their startup contributes to a healthy and dynamic capitalist system rather than relying on cronyism or political favoritism. A specific example includes recent podcast appearances debating whether entrepreneurs can save capitalism from itself and discussions around creating more capitalists to improve economic equity.
  • Interested in the macroeconomic impact of artificial intelligence and digital currencies on the venture landscape. Frequently highlights how these specific sectors are shifting funding dynamics and broader market trends. For instance, recently shared industry data pointing out that artificial intelligence startups are currently commanding median valuations three times higher than other sectors, and also recently hosted an extensive webinar with a crypto founder to dive deep into stablecoins.
  • Dedicated to the broader growth and health of the venture capital ecosystem, particularly regarding emerging fund managers and transparent market competition. Regularly engages with content and events aimed at building better investment firms and preserving fair markets where winners are not handpicked by government officials. As an example, recently announced a speaking engagement at an upcoming summit in Austin specifically designed to bring together limited partners and emerging managers to discuss building the next generation of venture firms.

About their Fund

Foundry Group

Sectors
Devtools, Deeptech / Hardware, Marketplaces, Web3 / Crypto, Consumer
Rounds
Seed - Series B+
Avg Check Size
$5M - $15M

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.

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