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Reinvent Capital is a venture capital firm founded in 2018 by Mark Pincus, Reid Hoffman, and Michael Thompson. The firm is headquartered in New York and has quickly established itself as a significant player in the venture capital landscape. Reinvent Capital focuses on partnering with experienced founders and leadership teams to drive innovation and growth across various technology sectors.
The firm manages a fund size of $700 million and has a portfolio of over 18 companies. Reinvent Capital's team consists of seasoned professionals with backgrounds as founders, CEOs, and operators, all of whom have a proven track record of scaling businesses from inception to IPO. This diverse expertise allows them to provide valuable insights and support to their portfolio companies.
Since its inception, Reinvent Capital has made notable strides in the venture capital space, including successful exits such as Lyft and Oscar Health. The firm has also engaged in SPAC activities, including the Reinvent Technology Partners IPO, which raised $690 million and merged with Joby Aviation, achieving a valuation of $5 billion.
Reinvent Capital invests in transformative technology companies across a variety of sectors, including artificial intelligence, mobility, robotics, logistics, and healthcare. The firm targets companies at all stages of development, from friends and family rounds to pre-IPO investments. Their check sizes range from $1 million to $50 million, allowing them to support startups through various growth phases.
The firm adopts a founder-friendly approach, emphasizing strategic guidance and board participation to help portfolio companies achieve their long-term goals. Reinvent Capital seeks to partner with world-class founders and teams who are developing industry-leading products and services. Their investment strategy is designed to create long-term value while fostering innovation in the sectors they focus on.
Reinvent Capital's portfolio includes a diverse range of companies that are leaders in their respective fields. Notable portfolio companies include:
This diverse portfolio reflects Reinvent Capital's commitment to investing in companies that are at the forefront of technological advancement and innovation.
Mark Pincus: Managing Member. Mark is the founder of Zynga and has extensive experience in building and scaling technology companies. He has a strong background in product development and strategic growth.
Michael Thompson: Managing Member. Michael has a background in hedge fund management and brings financial expertise to the firm. He plays a key role in investment decisions and portfolio management.
Reid Hoffman: Advisory Member. Reid is a co-founder of LinkedIn and serves as a senior adviser to Reinvent Capital, providing insights based on his extensive experience in the tech industry.
David Cohen: Operating Partner. David has a strong operational background and works closely with portfolio companies to drive growth and innovation.
To pitch Reinvent Capital, founders should send an email to email@reinventcapital.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. Founders should expect a response within a few weeks, although timelines may vary based on the volume of inquiries.
Warm introductions are preferred, but not mandatory. The pitch deck should clearly articulate the startup's vision, product-market fit, and growth strategy to capture the attention of the investment team.
In September 2020, Reinvent Capital launched Reinvent Technology Partners, raising $690 million in an IPO. This SPAC later merged with Joby Aviation in February 2021, achieving a valuation of $5 billion. The firm continues to actively engage with its portfolio companies and the broader technology ecosystem.
As of 2023, Reinvent Capital maintains a portfolio of over 18 companies, focusing on transformative technology investments. Their notable exits include Lyft and Oscar Health, showcasing their ability to identify and support high-potential startups.
What are Reinvent Capital's investment criteria?
Reinvent Capital invests in transformative technology companies across various sectors, including AI, mobility, robotics, logistics, and healthcare. They focus on partnering with world-class founders and teams developing industry-leading products and services.
How can I pitch Reinvent Capital?
Founders can reach out to Reinvent Capital via email at email@reinventcapital.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Reinvent Capital different from other VC firms?
Reinvent Capital adopts a founder-friendly approach, emphasizing strategic guidance and board participation. Their team consists of experienced founders and operators who understand the challenges of scaling a business.
What is the geographic scope of Reinvent Capital's investments?
The firm has a global investment focus, with particular attention to opportunities in North America.
What is the typical check size for investments?
Reinvent Capital typically invests between $1 million and $50 million in their portfolio companies, allowing them to support startups through various growth stages.
What is Reinvent Capital's post-investment involvement?
Reinvent Capital provides strategic guidance and board participation to help portfolio companies achieve their long-term goals, leveraging the extensive experience of its team.
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