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The Yard Community Newsletter — August 2022

Content at the intersection of entrepreneurship, venture capital, and our Harvard community.

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Written by

Michael Madden

Published on

IN THIS ISSUE: The Yard Fund 7 closing soon, our investment with Bain Capital in Legacy and CEO Khaled Kteily (MPP ’16), and more.

The Yard Ventures Fund 7 Closing Soon

We invite you to connect with our team for a 1×1 call if you have specific investing questions. You can also click below to visit our secure portal to access all fund materials.

The Yard Portfolio Update

Legacy is a direct-to-consumer healthcare platform that is developing methods to enable at home collection, remote testing, and long-term cryogenic storage of sperm. The company was founded by CEO Khaled Kteily (MPP ’16), who serves on the Alumni Council for the Center for Public Leadership at Harvard’s Kennedy School. The Yard invested in Legacy’s recent $25 million Series B led by Bain Capital Ventures, with participation from FirstMark Capital, Section 32, TQ Ventures, and Valor Equity Partners. Alumni Ventures was an early investor in Legacy, participating in the company’s $3.5 million seed round in 2019 alongside Section 32, Y Combinator, and Bain.

The Yard Portfolio Companies in the News

FOR CURRENT INVESTORS

Thinking of becoming an investor? Access Materials »

The Anatomy of a Venture Exit

Our latest eGuide reviews four different common exit strategies, with examples from our own portfolio. Visit our Club portal to read the piece and other exclusive content from Managing Partner Michael Madden and our team, including webinars and events, Syndications, portfolio news, and more. Visit Club Portal »

Campus and Community Update

The Giant Magellan Telescope, the most powerful telescope ever engineered using the world’s largest mirrors, secured a $205 million investment from its international consortium to accelerate construction. The funding included a significant commitment from Harvard University, as well as the Carnegie Institution for Science, São Paulo Research Foundation, University of Texas at Austin, University of Arizona, and University of Chicago. Read More »

 

What’s New at Alumni Ventures

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Nothing Ventured: Lead Investors vs. Co-Investors

In the second episode of our series, “Nothing Ventured,” Alumni Ventures Chief Community Officer Luke Antal explains the differences between lead investors and co-investors when it comes to their respective roles in venture capital deals. Read More »

AV Talent Referrals

Interested in joining a cutting-edge startup or know someone who might be? Our portfolio companies are growing and always looking for high-caliber talent. Check out their open positions on our job board. If you find a match, fill out this short form, and we will try to make a personal referral. Visit Job Board »

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.

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