Tom Preston-Werner, GitHub’s Co-founder, Lays Out Plans for a $100M Venture Fund Earmarked for Early-Stage Tech Companies

GitHub co-founder, Tom Preston-Werner has unveiled plans to raise a staggering $100 million for a venture capital fund set to bolster early-stage technology outfits. According to regulatory filings, this move symbolizes Werner’s latest venture, following the establishment of the language-learning initiative, Chatterbug, subsequent to his heated departure from GitHub over ten years ago. The fund, dubbed Preston-Werner Ventures (PWV), is still undergoing the fundraising process, drawing on resources from an individual familiar with the matter.

Since bidding GitHub farewell, Werner has been funnelling his personal assets into startups. Prior to the creation of PWV, the company had orchestrated rolling funds via AngelList, as gleaned from separate filings. With the broad downtrend in asset classes, PWV is the latest initiation from a tech stalwart aiming to raise a VC fund. Records from PitchBook’s Emerging Tech Indicator 2024 indicate a slump in early-stage tech deals amidst surges in deal values.