Jaclyn Hester joined Foundry in 2016 as the firm expanded beyond its four founders and launched new strategies. Her partner Lindell Ekman, called the "godfather of emerging managers" for backing early funds like USV and Spark, helped shape Foundry's focus on mentoring emerging fund managers while the firm itself was scaling.
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I'm curious specifically to hear what that's taught you about scaling a firm both internally and then also supporting emerging managers.
Yeah, so I came into Foundry at an interesting time because Foundry, which was originally founded in 2007 by 4 people, was kind of supposed to be those 4 people forever. And, you know, in 2016 when I joined was this kind of the beginning of a transition phase for the firm where we launched a new strategy. All of a sudden there were new people around the table. My partner now, Lindell Ekman, who joined as a partner, he had been one of their LPs, and he'll hate this, but I call him like the godfather of emerging managers. Like, he was really around at the— he backed USV early and Foundry and Spark, like great funds while he was at the University of Texas Endowment and was just like really awesome at finding great managers before they were established and then helping them along the way. So in any case, I came at an interesting time.