Terri Burns, a former partner at GV, is starting a latest chapter in her profession by starting her own enterprise capital firm called Enter capital.
Will focus on early stage startups, pre-seed control and seed size, reports “Fortuna”.. Burns told Fortune that she is still in the early stages of building her company and has not yet invested in any firms. She confirmed to TechCrunch that her latest company has launched operations, but declined to offer more details about its plans or the size of its fund.
The launch of Type Capital is a significant milestone because it marks Terri Burns’ entry into a select group of Black women running their own enterprise capital firms. Black women who co-founded or began their own firms on their own include Jewel Burks Solomon of Collab Capital, Sarah Kunst of Cleo Capital and Monique Woodard of Cake Ventures.
This achievement further highlights Burns’ extraordinary journey in the enterprise capital industry, which began when she joined GV in 2017. In 2020, at the age of 26, she made history as the firm’s youngest and first-ever Black female partner.
Burns began her profession at Twitter as an assistant product manager before becoming a Kauffman Fellow and studying computer science at New York University. In 2021, she became the youngest member of the university’s Supervisory Board.
During her tenure at GV, Terri Burns was instrumental in many of the company’s successful investments. In particular, she led the investment in the social media app HAGS, which was later acquired by Snapchat. Her involvement in the popular Partiful event, which has since raised over $20 million from investors including a16z, further established her as a seasoned consumer tastemaker. She is an angel investor and co-founder of an angel investment collective that has invested in at least 11 firms, including Clubhouse.
Burns is interested in Gen Z founders, digital consumer firms, software tools, and, of course, artificial intelligence. Like many seed-stage firms, he desires to be the first to report. Too often, she says, investors follow the hype, missing out on good deals while waiting for signals from other investors that a company is profitable. He hopes to seek out promising founders and leverage his extensive network of contacts to assist them find continuing business opportunities, Fortune said.