Foundation Capital's 11th fund, which search coverage puts at $600 million, follows a strategy of backing ideas before they are industries, Crunchbase News reported in a profile titled "Zero Billion-Dollar Markets." The headline is the detail we can confirm.
The approach contrasts with the late-stage megaround model that dominates AI funding totals, and with Benchmark's new growth fund. Fund size and details come from search summaries, not the firm's announcement.
Source: Crunchbase News