Hi! So, news. We are delighted to announce our new $100M venture fund, investing in innovative technology at the earliest stage.

This has been a heady time in which to raise a new venture fund. COVID-19 has created once-in-a-generation crises and opportunities which make the world look brand new.

Critical supply chains, commerce, and work itself made leaps and bounds in a transition to digital and cloud.

The pace and intensity of change is honestly vertigo-inducing.

We're watching rapid adoption of new digital supply chain infrastructure with our investments in @cloudtrucks and @isometric_tech.

The promise of digital health and wellness, which has been knocking on the door for almost two decades (!), burst through this last year. @heartbeat, @taikacoffee and @color are just the beginning of our exploration into this critical part of society.

Shelter-in-place has moved consumers to the cloud, and to their homes. @lovefromyours and @tonal are part of a broader movement e-commerce, and at-home experiences.

Remote culture has made all companies think globally, finding talent wherever it lies, being adaptive to a digital work culture. As my partner @stevejang likes to say, "Silicon Valley is a state of mind and action."

Really true now.

We've invested in new infrastructure for digital work, like @redplanetlabs, @northflank, and @OpenPhoneApp. This area has endless promise, and urgent relevance.

This year also changed the structure of our economy. The Fed printed *trillions*, markets reached all-time highs. Meanwhile, unemployment flirted with Depression-era levels, creating a crisis that may last a generation.

Inequality is a defining crisis of our time.

We invested in @CatchBenefits, who is building a new social safety net for the future. We have supported @PointCardHQ, for those who don't want credit, but want access. We want to see even more innovation here. We need to.

The way we think about assets, corporations and creators has changed, too. Today's youth are not only digital-native, but also crypto-native, savvy about self-expression, and creating directly for digital audiences.

Our investments in @ourZORA, @bitski, @withotis, and @NamebaseHQ represent an opportunity for an economy where stakeholders are shareholders, and value is shared by *everyone who participates*.

Technology comes in waves, and we see a new wave not only where the cloud and social infrastructure will apply, but what the technology infrastructure *is*, too.

We cannot wait for @Humane to show you a possible future for human-computer interaction.

Finally, the climate crisis rages on. We saw our California home ravaged by wildfires yet again. Droughts, hurricanes and typhoons strengthen around the globe. This is a societal imperative, and consumers and businesses are rising to the occasion.

Our investments in @replenysh, @seasons_ny, and @LinearLabsInc are taking bites out of this problem. Proud to support them. It will require all the ingenuity, capital, and will we can muster.

We have partnered with CEOs who are diverse across race and gender, first-time founders and experienced tech veterans alike, hailing from across the globe.

Innovation comes from all corners, so please reach out if you have a vision for the future, and are looking for a partner.

Oh, and:

We are grateful for our investors, without whom we cannot do this work.

And I am grateful for @stevejang, who teaches me so much every single day.

Much love. Onwards!