Former Sequoia Partner Seeks to Reinvent VC With $400 Million Evantic Capital

Former Sequoia Capital partner Matt Miller has launched a new venture capital firm, Evantic Capital, with a unique approach. Unlike traditional VC firms, Evantic Capital aims to reinvent the venture capital model by focusing on founder-friendly terms, long-term investments, and a collaborative approach. Evantic Capital has raised $400 million for its debut fund, which will be used to invest in early-stage startups across various sectors. Miller's goal is to provide founders with more favorable terms, such as longer investment horizons and more flexible exit options, in contrast to the typical VC model that often prioritizes quick returns and aggressive growth. The firm's strategy emphasizes building strong partnerships with founders, offering strategic guidance and resources to help them navigate the challenges of building a successful business. Evantic Capital's differentiated approach aims to create a more sustainable and equitable ecosystem for both founders and investors.