The Dart Board with Daniel Dart Seth Levine | Foundry Group — On building a $4B platform, the future of capitalism, and navigating life’s transitions with intention
11 snips
Dec 3, 2025 
Seth Levine, co-founder of Foundry Group and author of Capital Evolution, dives into the evolution of his $4B platform and his decision to stop raising future funds. He highlights how venture capital can empower communities while discussing capitalism as a social compact. Seth delves into the importance of adaptability, sharing personal anecdotes about humility and life’s unexpected turns. He advises founders on cultivating company culture and underscores the need for gathering information over panic during critical decisions.
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Expand To See The Ecosystem
- Foundry Group expanded from direct company investing into a fund-of-funds to gain ecosystem visibility.
- That broadened exposure provided asymmetric information and improved deal diligence.
Justify New Strategies To LPs
- When adding new strategies, explain how they make your core fund better and structure economics fairly.
- Use internal partners and a lead LP to reassure investors and avoid being perceived as overreaching.
Capitalism As A Social Compact
- Capitalism functions as a social compact, not a fixed economic formula.
- That framing creates levers to reshape capitalism away from the narrow neoliberal model of the past 50 years.
