8VC

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8VC
Company typePrivate
IndustryVenture Capital
Founded2015; 10 years ago (2015)
Founders
HeadquartersAustin, Texas
AUMUS$6 billion (2023)
Websitewww.8vc.com Edit this at Wikidata

8VC is venture capital firm founded by Joe Lonsdale.

History

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In 2015, shortly after the breakup of another venture capital firm Lonsdale helped co-found, Formation 8, Lonsdale co-founded 8VC (originally called "8 Partners"[1]) with 15 of the 25 employees from Formation 8.[2][3] Originally based in San Francisco, Lonsdale relocated the firm's headquarters to Austin, Texas in 2020, shortly after moving there with his family.[4] The fund employs Jack Moshkovich and Denis Aven, who are both respectively sons of Russian oligarchs Vadim Moshkovich and Petr Aven.[5][6] Lonsdale posted about these employees on X, saying, "I’m lucky to live in the greatest country in the world, and it will remain as such if we can keep working with the top talent of all backgrounds, including, yes, Chinese and Russians and Israelis et al, without demonizing people for imagined things they didn’t do. We haven’t taken any money from their fathers or their fathers’ friends, and don’t need it."[7]

Investments

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8VC has invested in;

References

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  1. ^ McBride, Sarah (July 14, 2016). "New VC Firms Emerge From Ashes of Silicon Valley's Formation 8". Bloomberg. Retrieved August 11, 2024.
  2. ^ Lunden, Ingrid (November 4, 2015). "Formation 8 Axes Plans For Third Fund, Lonsdale Now Raising $400M For "8 Partners"". TechCrunch. Archived from the original on November 4, 2015. Retrieved August 26, 2015.
  3. ^ a b c d e Loizos, Connie (January 16, 2017). "Joe Lonsdale moves forward with 8VC's new fund and more". TechCrunch. Archived from the original on August 8, 2024. Retrieved August 11, 2024.
  4. ^ a b c d e Hartmans, Avery (November 6, 2020). "Palantir cofounder Joe Lonsdale is moving his VC firm from Silicon Valley to Austin, in part because it is 'more tolerant of ideological diversity'". Business Insider. Archived from the original on August 8, 2024. Retrieved August 11, 2024.
  5. ^ Mudge, Rob (30 Aug 2024). "What X's alleged ties to Russian oligarchs mean for Musk". Deutsche Welle. Retrieved 17 April 2025.
  6. ^ Ach, Brian (20 August 2024). "A Major U.S. Defense Investor Has Links To Sanctioned Russian Oligarchs". Forbes. Retrieved 17 April 2025.
  7. ^ "Sons of sanctioned Russian oligarchs employed by US defense-focused fund". NV Nation. November 4, 2015. Retrieved 2025-01-31.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "Cognition AI Hits $4 Billion Valuation in Deal Led by Lonsdale's Firm". Bloomberg News. 17 March 2025. Retrieved 17 April 2025.
  9. ^ "Joe Lonsdale-Backed Drone Defense Startup Epirus Set to Raise Over $150 Million". Bloomberg News. 9 January 2025. Retrieved 17 April 2025.
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