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Forerunner Ventures Consumer

San Francisco, CAFORERUNNER-CONSUMER
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Dossier Summary

Consumer-focused venture firm backing next-generation brands in retail, health, and home.

Classification
Slugforerunner-consumer
HQSan Francisco, CA
Stage FocusPrimarily seed ($1-15M) and Series A ($1-15M initial inve…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Forerunner is the OG consumer VC that actually nailed the DTC wave when everyone else was chasing enterprise SaaS - their early bets on Warby Parker, Dollar Shave Club, Glossier, and Chime prove they can spot category creators before they're obvious. Green's team actively trades in secondary markets as companies take longer to IPO, showing they're pragmatic about liquidity rather than just holding forever. They explicitly lead or co-lead rounds with $1-15M initial checks, so expect them to take board seats and be hands-on partners, not passive investors. The firm is genuinely women-led (not just marketing) with 50%+ women-led portfolio, and they have staying power with partners maintaining 7+ year tenures. The risk: they're so focused on consumer trends that they might miss your B2B play entirely, and their bar is extremely high after backing so many breakouts.

KEY TAKEAWAYS
  • Best for: Consumer founders who want a lead investor with real DTC expertise and board-level partnership
  • Watch out for: Extremely high bar for consumer companies - they've seen it all and won't settle for incremental
  • Known for: Spotting category-defining consumer brands before consensus, active secondary market trading
Investment Thesis

Forerunner centers on identifying inflection points before they become market consensus, combining deep understanding of emerging technology capabilities with insight into evolving consumer behaviors. They invest at Seed and Series A in consumer-focused businesses across health, finance, commerce, and more, backing founders who build companies around how people actually live.

Stage & Sector Focus

Primarily seed ($1-15M) and Series A ($1-15M initial investments) in consumer technology across health, finance, commerce, education, and social networking. Opportunistically later-stage when they spot pivotal breakout moments. Recent portfolio heavily weighted toward AI-powered consumer experiences - voice AI dating, AI money management, AI higher education, prediction markets.

Notable Portfolio
ChimeWarby ParkerGlossierDollar Shave ClubOuraFaireHims & HersThe Farmer's Dog
Key Partners
Kirsten Green
Founder & Managing Partner

Former equity research analyst at Bank of America Securities covering consumer/retail stocks, worked as angel investor before founding Forerunner in 2012. Known for betting early on direct-to-consumer revolution when most VCs focused on software. Repeatedly on Forbes Midas List, TIME's 100 Most Influential People, named VC of the Year at 2017 Crunchies.

Eurie Kim
Partner

Long-tenure partner who joined in 2012, known for hands-on operational support with portfolio companies. Wharton alum with deep consumer investing experience across the fund's major wins.

Nicole Johnson
Partner

Key investment decision-maker who started as an associate and worked her way up through the firm. Active in brand marketing investments, quoted on peer-to-peer marketing and authentic consumer engagement strategies.

Jason Bornstein
Partner & Head of Research

Leads thesis development and market research, informing the firm's data-driven investment decisions. Co-authored analysis showing consumer companies outperform enterprise in IPO outcomes, active in defending consumer investing thesis.

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