Seven Seven Six, a new venture from Alexis Ohanian
Alexis Ohanian announced that he would leave Initialized Capital, the เกมยิงปลา venture capital firm he co-founded with Garry Tan in 2011, almost a year later. He announced that his new venture firm Seven Seven Six had raised $150 million for the first fund.
The Seven Seven Six were named after the year of the first Olympic Games. When a chef from a nearby village ended up winning a Stadion competition, Ohanian's idea of having this name came from the fact that the chef was supposed to be a great athlete. But not necessarily the best athlete. A lot of people were excluded from the first Olympics. From athletes outside of Greece to those who have no way of showing up to women who are not allowed to watch matches.
“When I think about that work history. And all the things I'm proud of as an entrepreneur and investor. I couldn't help but feel like I was celebrating a chef,” says Ohanian. “I'm still very proud of that track record. But I know I can do better. I want the idea that we are always in the first place trying to do better in pursuit of more rewards