20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund

Immad Akhund is the CEO of Mercury. Launched in 2019, Mercury has raised $500M in funding from Sequoia, Coatue, CRV, Andreessen Horowitz and others. He is a former part-time partner at Y Combinator and is an active angel investor, with more than 350 investments in startups including Rippling, AirTable, Rappi, Applied Intuition, and Substack.

In Today’s Episode We Discuss:

• Exclusive News: New Fund Announcement

• Lessons from 350 Angel Investments

• Why Founders Should Always Push for the Highest Price

• Biggest Wins and Misses in Angel Investing

• How Sequoia Came to Lead the Series C for Mercury

• Why Move From Angel to VC

• Is It Wrong For Founders to Also Have Funds with LP Capital?

• AI Investments: Overhyped or Worthwhile?

• Raising a First Time Fund: Challenges & Surprises

• The Future of Venture Capital