David Sacks was PayPal's first product leader and later its COO, part of the group later nicknamed the 'PayPal Mafia,' before founding Yammer, an enterprise social networking company he built and sold to Microsoft for $1.2 billion. He co-founded Craft Ventures in 2017 with Bill Lee, built around a deliberately operator-led model that pairs capital with hands-on go-to-market and talent support for B2B software founders. The firm has grown to $3.3 billion in total assets under management following its 2023 Craft IV and Growth II funds, and its early conviction in Reddit - invested in 2017, years before its 2024 IPO - has become one of its most visible public outcomes.
$3.3B+ AUM75/100 Power Score™2017 FoundedSan Francisco, CA