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Jack Altman
Professional profile
Jack Altman is a prominent figure in the venture capital and tech startup world. He is currently the Managing Partner at Alt Capital, a $150 million seed-stage venture firm he founded in February 2024.13
Career Highlights
Lattice: Jack co-founded Lattice, an HR software platform with over 5,000 customers, where he served as CEO for over 8 years (September 2015 - January 2024).2 He currently holds the position of Chairman at Lattice.1
Previous Roles: Before Lattice, Jack held positions as:
- VP of Business Development at Teespring (2013-2015)
- Investor at Hydrazine Capital (2012-2014)
- Analyst at Gleacher & Company (2011-2012)2
Education
Jack earned his A.B. in Economics from Princeton University, graduating in 2011.12
Alt Capital
In February 2024, Jack launched Alt Capital, a $150 million venture capital fund focused on investing in early-stage founders and startups.3 The fund aims to provide not just capital, but also valuable advice and network connections to help portfolio companies acquire customers, capital, and talent.3
Investment Philosophy
Jack's investment approach emphasizes:
- Providing quality advice based on company context and personal experience
- Leveraging his network to help companies grow quickly3
He focuses primarily on B2B software companies, particularly those enhanced with AI.4
Personal
Interestingly, Jack is the brother of Sam Altman, the leader of OpenAI. However, Sam is not involved in Alt Capital due to potential conflicts of interest.3
Jack is active on social media, sharing insights on company culture and management on platforms like Twitter (@jaltma) and his personal blog.56
Highlights
My brother sam has often said that most people don't spend nearly enough time thinking about what they should be working on.
This is the venture capital version: what companies should you go deep with?
"We realized a long time ago that the most important decision is actually not the final decision that happens on a Monday. The most important decision is the mid-funnel decision that determines what gets to a Monday."
Alfred and Pat believe that the number one ingredient to becoming a better decision maker in venture (and probably in business more broadly) is courage.
"If you're gonna pay a ridiculous amount for a company that you saw and passed on a month ago...like Pat did with Snowflake...you have to have real courage."
"Or the other extreme where nobody likes this company anywhere in the world except you."
