Suggestions
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
Some sources of alpha that require no real skill:
- having longer time horizons than others
- being much more focused or much more bundled
- believing the consensus thing harder than others
- placing no value on status
To me, Thrive's Carvana story is one of the most impressive investments I've heard about.
It's one thing to win a competitive venture deal and then the company rips and you double down as consensus builds...not taking anything away from that, it's great. Definitely a little impressive.
But to buy a public stock on the way down because of hard earned conviction, and then when it continues to tank and you buy more because of you re-underwrite your thesis, and then hold until it ends up hugely in the green. I think very few people in our world can do that.
