Biz Stone, who co-founded both Twitter and Medium, is raising capital for a new venture fund, setting a target of up to $200 million, according to a person familiar with the matter.
Through the fund, Stone plans to make early-stage investments in startups focused on the future of health, work, wealth and play, and has already begun identifying potential investments, said the person. Stone is raising the fund with the entrepreneur Frederick Blackford, who filed paperwork with the U.S. Securities and Exchange Commission on March 23 indicating plans to raise an undisclosed amount of capital. Stone wasn’t listed in the filing, which identified the name of the fund as Future Positive.
