Biography of Jack Altman:
Jack Altman is a busy person with many roles. He's the boss
at Alt Capital VC and is also one of the founders and a board member at
Lattice. Besides that, he advises at Parade Ventures and serves on the board at
Verifiable. He's also a co-founder of Apollo Projects and has worked as a Vice
President of Business Development at Teespring. Plus, he's been an advisor at
Soma Capital. He's got a degree in Economics from Princeton University. His
estimated net worth is $100 million.
Jack Altman's Academic Journey at Princeton University
During the period spanning from 2007 to 2011, Jack Altman pursued his undergraduate education at Princeton University. He dedicated himself to his studies, focusing on economics as his primary field of interest. After completing his academic curriculum, Altman graduated from Princeton University with an undergraduate degree in economics. This educational background provided him with a solid foundation for his future endeavors in entrepreneurship and venture capital.
Embracing the Startup Journey
With Alt Capital, Jack Altman is embracing the dynamic and often challenging journey of startup entrepreneurship. By providing financial backing, mentorship, and strategic guidance to early-stage founders, he seeks to empower them to navigate the complexities of building and scaling their ventures. Through his investment fund, Altman endeavors to play a pivotal role in shaping the future landscape of innovation, supporting promising entrepreneurs as they embark on their entrepreneurial endeavors.
Jack Altman's New Venture: Alt Capital
Jack Altman, known for his role as co-founder and chairman
of Lattice, a platform for people management, has recently made a significant
move in the world of venture capital. Alongside his brother Sam Altman, who
leads OpenAI, Jack has established a $150 million venture capital fund. This
fund is earmarked for supporting early-stage founders and their budding
startups. Operating under the umbrella of Altman's newly founded VC firm, Alt
Capital, this initiative represents a fresh chapter in Jack's entrepreneurial
journey.
Transitioning Roles at Lattice
Just a month prior to launching Alt Capital, Jack Altman
made a pivotal decision regarding his position at Lattice. After serving as CEO
for eight years, he transitioned to the role of executive chairman. This change
marked a significant shift in his career trajectory. In an interview with
Business Insider, Altman revealed that he felt weary of the challenges
associated with leading a late-stage startup. Instead, he expressed a desire to
refocus on his true passion: nurturing and growing businesses from their earliest
stages of development.
A Return to Entrepreneurial Roots
Altman's decision to step back from the CEO role at Lattice and venture into the realm of venture capital underscores his commitment to his entrepreneurial roots. By establishing Alt Capital and dedicating resources to support early-stage founders, he aims to leverage his expertise and experience to fuel innovation and growth in the startup ecosystem. This move reflects his deep-seated passion for fostering the success of emerging businesses and driving forward impactful ventures.
Jack Altman's Career Path
Gleacher & Company: Analyzing Mergers and Acquisitions
From June 2011 to May 2012, Jack Altman served as an analyst
at Gleacher & Company. In this role, Altman contributed to the company's
advisory services, specializing in mergers and acquisitions as well as debt
financing. His analytical skills and financial expertise were instrumental in
providing strategic insights for clients during transactions.
Teespring: Driving Business Development
From November 2013 to October 2015, Jack Altman assumed the
position of Vice President of Business Development at Teespring. During his
tenure at Teespring, Altman led cross-functional teams responsible for forging
partnerships, managing licensing agreements, driving corporate development
initiatives, and executing influencer marketing strategies. His leadership
played a pivotal role in expanding Teespring's market presence and driving
revenue growth through strategic collaborations and innovative marketing
approaches.
Multifaceted Journey of Jack Altman: Entrepreneur, Investor, and Venture Leader / Biography of Jack Altman: / Jack Altman:
Jack Altman's Entrepreneurial Ventures
Hydrazine Capital: Investing in Early-Stage Tech
In May 2012, Jack Altman co-founded Hydrazine Capital
alongside his brother Sam Altman. This venture capital firm specialized in
investing in early-stage technology companies, aiming to support promising
startups in their growth journey. Despite making several investments and
achieving two successful exits, Hydrazine Capital ceased operations in October
2014, concluding its chapter in the venture capital landscape.
Lattice: Empowering Team Management
In October 2015, Jack Altman embarked on a new
entrepreneurial journey by co-founding Lattice with Eric Koslow. Lattice is a
software company that offers team management and analytics solutions, catering
to the needs of modern workplaces. Since its inception, Lattice has secured
funding through six venture capital rounds, ranging from seed to series D
funding. Through Lattice, Altman continues to leverage technology to enhance
organizational efficiency and empower teams to thrive in dynamic work
environments.
Venture Leader at Alt Capital VC
Jack Altman is the big boss at Alt Capital VC. This means
he's in charge of making decisions about investments and managing the company's
overall direction.
Co-Founder and Board Member at Lattice
Jack Altman helped start Lattice, a company that makes
software to help businesses with their people management. He's not just one of
the founders; he's also on the board, which means he helps make important
decisions about how the company is run.
Advisor at Parade Ventures
Jack Altman gives advice to Parade Ventures. This means he
shares his knowledge and experience to help the company make good choices about
investments and business strategies.
Co-Founder of Apollo Projects
Jack Altman is part of the team that started Apollo
Projects. This is another company he helped create, although we don't know much
else about what they do from this information.
Former Vice President, Business Development at Teespring
Before all these other roles, Jack Altman worked at
Teespring as a Vice President of Business Development. This means he was
responsible for helping Teespring grow and develop new opportunities.
Advisor at Soma Capital
Jack Altman has also been an advisor at Soma Capital. This
means he provides guidance and advice to help Soma Capital make smart decisions
about investing.
Board Member at Verifiable
Jack Altman serves on the board at Verifiable. Being on the
board means he helps oversee the company's activities and make important decisions
about its direction.
Jack Altman: Transitioning and Focusing on Passion
Jack Altman made a significant move by launching his new
venture capital firm shortly after transitioning from CEO to chairman at
Lattice, a human resources startup he co-founded in 2015. Explaining his
decision in a December interview with Business Insider, Altman cited the
evolving responsibilities of a founder/CEO in a rapidly scaling company.
Feeling unable to fully dedicate himself to Lattice's growth, Altman decided to
step down and return to his primary passion: building early-stage companies.
Some companies where Jack Altman invested
- Planet Scale - database-as-a-service platform
- Writer - database-as-a-service platform
- Cortex - software platform
- Llamalndex - open-source data framework for connecting custom datasets
- Chroma - open-source embedding database
- Courier - platform to connect and publish notifications
- Pulley - software tool for cap table management
- WorkRamp - building training software for workforce
- Slope – Provider of a POS lending solution for buyers
- Reflex - Web application development framework
- GPTZero - AI powered text detection platform
- Zowie - Customer interactions with speed and empathy
- Owner - Business/Productivity Software
- Oso - Software Development Applications
- Frond - Communication Software
- Multis - Financial Software
- Outset - Business/Productivity Software
- Routable - company that manages company's cash flow, automating sending and receiving payments, finding errors
