The Altman brothers certainly have the tricks to being a venture capitalist. On Tuesday, this was applied specifically to Jack Altman, a brother to Openai CEO Sam Altman, co-founder of the $3 billion HR Software Startup Lattice.
Jack Altman has announced a $225 million fund for his solo run farm Alt Capital. And it took him a week from start to finish, he told the Wall Street Journal.
Growing up in early 2024, his first fund was $150 million, so this is a big step. He used it to invest in about 20 early stage companies, he said.
Jack is clearly connected and has founder experience, but left the CEO role at Lattice in 2024 (he remains chairman). Of course, Sam is the president of Y Combinator and remains an active angel investor (but not the LP for this new fund, WSJ reports. Meanwhile, Brother Max Altman is the co-founder of Saga Ventures, which attracted $125 million in 2024 funds and brought its own fund.