Alter Global
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Jesse Sullivan brings a unique founder pedigree - military service in Afghanistan followed by Stanford MBA and entrepreneurial experience in global development - but his 2022 Illinois gubernatorial run shows he's got bigger political ambitions than just VC. Allen Taylor from Endeavor is the real operational powerhouse here, bringing Endeavor's unmatched emerging markets network and track record. The fund's "role model founders" thesis sounds noble, but they're essentially betting on creating tech mafias like PayPal did in Silicon Valley - ambitious but unproven in emerging markets. Their Clara unicorn validates the strategy, but with only ~58 investments since 2015, they're not prolific dealmakers. The platform support model with Yana is solid for post-investment value-add.
- —Best for: Emerging market founders who want Silicon Valley connections and operational support
- —Watch out for: Small fund size means limited follow-on capital and selective deal flow
- —Known for: Mission-driven approach with strong Endeavor network backing
Alter Global seeks to grow the world's best tech entrepreneurs in emerging markets by providing talent, expertise, and venture capital investments. The firm's core thesis centers on identifying and scaling role-model founders who create outsized value in their nations through technology-driven ventures.
Alter Global is a venture capital firm investing in early-stage startups within emerging markets such as Southeast Asia, Latin America, the Middle East and Africa. Alter has made 15 investments in Seed stage with an average round size of $6.17M, 5 investments in Series A stage with an average round size of $19.4M. Alter has a diverse portfolio, with companies operating in the FinTech, Consumer, Retail, Enterprise Applications and Food and Agriculture Tech.
Jesse founded Alter with a desire to use entrepreneurship to combat global poverty. Jesse previously served on a counterinsurgency team in Helmand Afghanistan, where he advised US military and NATO strategy. Sullivan was previously a candidate for the republican nomination for the 2022 Illinois gubernatorial election.
As the Managing Partner of Endeavor Catalyst, Allen leads Endeavor's innovative co-investment fund. Since launching in 2012, Endeavor Catalyst has raised over $500M+ across four funds and made 360+ investments in 35+ different countries, including more than 60 companies now valued at $1B+. Allen is a frequent guest lecturer at the Stanford Graduate School of Business and serves on the boards of several entrepreneurship and venture capital-focused organizations.
As the Head of Platform team at Alter Global Yana spends her days working with the portfolio companies to support them in their day-to-day development and growth. Prior to Alter, Yana co-founded a sleep and wellness company in San Francisco, and led product development teams at Estée Lauder in New York.
Regional expert focused on Latin American investments and founder relationships.
Regional specialist managing investments and partnerships across MENAP region.
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