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The Next Great Seed Fund Is Getting Built Right Now — Just Not in Silicon Valley When I first launched Symphonic Capital, I was still in the Bay Area, and I watched the scale story begin in real time. The expectation baked into every conversation was that exit outcomes were only getting bigger. The kind of fund I actually wanted to build — focused, disciplined, close to the founder, where success doesn't hinge on multi-billion dollar exits but can actually be built around $500M+ outcomes that...
Hi Reader, Below you'll find part three of Shruti's series on the AI IPO Paradox and SpaceX. We'd love to hear your feedback. Thanks for reading! Warmly, Sydney + Shruti SpaceX's First Week. Here's What Actually Happened. The pop, the Cursor acquisition, the OpenAI financials, and what this means for everything coming next By Shruti Shah, General Partner, Symphonic Capital Five days ago SpaceX went public at $135 a share. By Tuesday it had hit $225. Briefly more valuable than Amazon. Briefly...
The Moment We've Been Building For By Sydney Thomas, General Partner, Symphonic Capital I wanted to share with you all an excerpt from a private note we sent to our LP community almost two years ago. These are the people who bet on us earliest — who trusted our vision before we had the track record to back it up — and this was one of those rare moments where we let our guard down and wrote from the gut. No investor update formatting, no metrics. Just what we actually believed about why we...