Seven Seven Six

About

Seven Seven Six (also known as 776) is a venture capital firm founded in 2020 by Alexis Ohanian, the co-founder of Reddit ¹. Ohanian departed his role as Managing Partner at Initialized Capital in June 2020 to build Seven Seven Six from scratch ². The firm describes itself as “a technology company that deploys venture capital” ³.

The firm’s name references the year 776 BCE, the year of the first recorded Olympic Games ¹. Ohanian seeded the firm with $100 million of his own money ¹. Seven Seven Six has raised approximately $900 million in total assets under management across multiple funds: Fund I closed at $150 million in June 2021 ², Fund II closed at $500 million across two vehicles ($300 million for earliest-stage startups and $200 million for growth-stage companies) in February 2022 ⁴, and the Kryptos crypto token fund raised $177.6 million in October 2022 ⁵.

The firm co-founded by Ohanian, Katelin Holloway, and Lissie Garvin, built a proprietary operating system called Cerebro that gives founders a way to search 776’s network of 44,000 contacts and request introductions with one click ¹. The firm registered as an SEC investment adviser ⁵. As of late 2025, Seven Seven Six has invested in approximately 130 companies ⁶.

Stated Thesis

Seven Seven Six publicly describes its focus as investing at the “earliest possible” stage in technology companies, with a particular emphasis on crypto and web3 ⁴. Ohanian has stated that approximately 40% of the firm’s portfolio consists of crypto-related companies ⁷. The firm invests in founders with strong founder-market fit, community-building potential, and platform scalability ¹.

Ohanian describes the firm’s operating model: “The goal is to scale the most valuable and most productizable parts of our work first, so that when we spend time with our founders it’s the kind of work only humans can do well (empathy, strategy, creativity)” ¹.

Katelin Holloway has expressed bullish contrarianism on crypto, stating during the 2022 downturn: “This is the best time to buy if you’re really long on the industry. It’s on sale. Everything is on sale” ⁵.

Inferred Thesis

Based on 25 verified investments, the following patterns emerge. Note: this represents approximately 19% of 130 claimed investments, so percentages should be treated as directional rather than definitive.

Sector breakdown (25 verified investments): Crypto/web3 accounts for a significant share of the portfolio — approximately 10 of 25 verified investments (40%), consistent with the firm’s stated 40% figure. Consumer technology and gaming represent approximately 6 of 25 (24%), including companies like Metafy, Feastables, and Angel City FC. Health tech and biotech represent approximately 4 of 25 (16%), including Ro, Stoke Space, and LambdaVision. Fintech accounts for approximately 3 of 25 (12%), including Pipe and Alt. Space and deep tech represent approximately 2 of 25 (8%), including Interlune and Stoke Space ¹⁶⁷⁸.

Stage distribution: Predominantly early-stage (pre-seed through Series A), with typical check sizes ranging from $100K to $10M ¹. The Fund II structure with a dedicated $200 million growth vehicle suggests increasing appetite for later-stage follow-ons ⁴.

Notable patterns: The portfolio skews toward companies with strong community and network effects, reflecting Ohanian’s experience building Reddit. Sports and entertainment investments (Angel City FC, TGL golf team) represent a distinctive focus area not commonly seen in traditional VC firms ⁹. The firm has generated 15 unicorns from its portfolio, including Stoke, Linear, and Owner ⁶.

Geographic focus: Based in Austin, TX, the firm invests broadly across the United States ⁶.

Portfolio

This table represents approximately 12% of 130 known investments. Many investments, particularly in crypto tokens via the Kryptos fund, are not individually documented in public sources.

In Their Own Words

“The goal is to scale the most valuable and most productizable parts of our work first, so that when we spend time with our founders it’s the kind of work only humans can do well (empathy, strategy, creativity).” — Alexis Ohanian ¹

“Olympia was, in many ways, my North Star. I wanted to keep building businesses and doing it in a way that I know I’m going to be proud of… so I seeded it with $100 million of my own money and said, ‘I’m going to use this to drive the best possible business outcomes.’” — Alexis Ohanian, on founding Seven Seven Six ¹

“This is the best time to buy if you’re really long on the industry. It’s on sale. Everything is on sale.” — Katelin Holloway, on launching the Kryptos crypto fund during the 2022 downturn ⁵

“Being ‘entrepreneurial’ is something I look for not only in founders to invest in, but also employees to hire.” — Alexis Ohanian ¹⁰

What Founders Say

No independently sourced founder testimonials found. The firm’s website and marketing materials emphasize the Cerebro platform and network access, but specific founder quotes about their experience working with Seven Seven Six could not be independently verified from third-party sources.

Sources