20VC founder Harry Stebbings unveiled his third, and final, offshoot fund called 20PRODUCT that kicks off with $5 million in capital commitments.

Similar To his earlier funds, 20SALES and 20GROWTH, 20PRODUCT brings together a combined group of professionals which will invest in early-stage founders seeking to begin, develop and measure their particular businesses. Basically, it is like having numerous operators that are experienced one line on your cap table, Stebbings told For Millionaires.

The fund will write checks of $100,000 and more for pre-seed, seed and Series A companies and won’t do follow-on investments.

These three special funds came about from Stebbings’ efforts to tap into experts from various companies to talk to his portfolio founders.

“The Way venture capitalists help founders is essentially broken, and the social folks most suitable to assist founders tend to be operators,” Stebbings stated. That they can.”

20PRODUCT“For me, it’s a case of how do I structure a mechanism and a product to allow founders to get the best service from their investors Includes a combined group of eight those who result from businesses like Shopify, Nubank, Spotify, Snap, LinkedIn, Ramp, complement and Xiaomi.

The founding lovers consist of Hugo Barra, Jack Brody, Geoff Charles, Glen Coates, Tomer Cohen, Jag Duggal, Gustav Söderström and Will Wu.

All will undoubtedly be staying in their particular existing tasks and taking part in the investment on a basis that is part-time. Stebbings is a partner that is limited consultant to the fund too.(*)