May 14th 2024.
Terri Burns, a former partner at Google Ventures, has recently launched her own venture capital firm called Type Capital. The company's official website states that its main focus is to invest in innovative founders who are pushing the boundaries of both social and technological innovation. As reported by Tech Crunch, Burns is now among a select group of Black women who have successfully established their own venture firms. With Type Capital, she plans to provide funding for pre-seed and seed-stage investments.
In particular, Burns has her eye on Gen Z founders, digital consumer companies, developer tools, and artificial intelligence. Her goal is to be the first investor to support these promising founders, rather than waiting to see if other investors are interested. She believes in identifying potential early on and using her extensive network to create more investment opportunities for these companies.
Burns' journey in the venture industry began in 2017 when she joined GV. At just 26 years old, she made history by becoming the youngest and first Black woman partner at the firm, according to BLACK ENTERPRISE. Before that, she had started her career as an associate product manager at Twitter. In an interview at the time, she said, "When I started my career as a computer scientist and product manager, I was very focused on one project, one feature, and one team. But as a VC, I have the unique opportunity to broaden my scope and understand the larger entrepreneurial and technological landscape. As someone with diverse interests, it's the perfect balance for me."
During her time at GV, Burns played a crucial role in several successful investments. She led the firm's investment in HAGS, a social app that was later acquired by Snapchat. She was also involved in Partiful, which further solidified her reputation as a savvy investor. Additionally, Burns co-founded an angel investment collective that has invested in nearly a dozen companies.
In addition to her accomplishments in the venture industry, Burns was recently named on the 2021 Forbes "30 Under 30" list. She also serves on the board of the nonprofit Brave Initiatives, where she helps teach coding skills to girls from underserved communities. With her impressive track record and dedication to supporting diverse entrepreneurs, it's no surprise that Burns is making a name for herself in the world of venture capital.
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