8VC has put aside 10% of its base carry to thank allies with dollars at work. Those who help our companies succeed, refer great companies, or help us win deals will be given gifts of tens of thousands of dollars at work in individual companies. If we are as successful as before, this will generate tens of millions of dollars of upside for our community. We are pioneering this new model, and we are still getting feedback on how to best implement it in practice, but the core idea is to say "thank you" to our community and to align incentives to help us build incredible companies.
As part of our per-deal upside program, Joe Lonsdale will be matching the per-deal grants 1:1 with anyone in our community who wants to donate their upside to a philanthropy of their choice. We are also looking for other ways to work philanthropy and impact into our DNA, and are working with ONE HOPE Wine and other philanthropic allies to make giving back to our community a core part of our fund's culture.
Many leaders in our community have become crucial allies to us and our companies. This group includes some of 8VC's active executives and CEOs such as Steve Loughlin, Andrew Rubin, Alan Cohen, Darian Shirazi, and David Obrand. It also includes other friends and technology insiders such as Brian Koo, Haitao Zhang, Aaron Levie, Scott Cook, Yitz Applebaum, Ronnie Lott, and Alex Moore, to name a few. We will continue to engage these allies through advising sessions, co-investments, dinners, CEO strategy sessions, and more.
At 8VC, we work to help companies transform global industries, including government, healthcare, finance, and many others. Having investors at the top of these industries is extremely valuable. We are lucky to have leaders of global banks, the biggest hedge and private equity funds, and a wide swath of global executives and government leaders as limited partners and friends. Industry leaders make up a large and important part of the community that enables us to help entrepreneurs fix the world.
We work closely with a variety of other technology funds and partners at top venture firms, and we are glad to share notes and have a positive sum relationship with them. Our co-investors include many partners, including the four partners at Founders Fund, Marc Andreessen, Ben Horowitz and others at a16z, Ping Li and others at Accel, Aydin Senkut and others at Felicis, Josh Kushner, Jared Weinstein and others at Thrive, and several friends at LightSpeed, Social+, and other great funds.
8VC will put together an official LP Advisory committee soon. We are grateful for the help that our advisory committee provided us throughout Formation 8’s first two funds. They skillfully guided us through complex transactions and decisions, none-the-least of which being our transition as we wrapped up Formation 8 Fund II and launched 8VC.
We are lucky to work with some of the world's top talent, and host events and programs to foster collaboration, discussion, and to share their best practices. We work with members of our community to organize design, data science, people Ops/HR, DevOps, VPEng/CTO, and other meet-ups. A big part of our role in this ecosystem is to foster community and encourage positive sum mindsets where our companies are proud to help each other grow stronger. For more info: firstname.lastname@example.org
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