Scoop: Early Airtable Backer Max Gazor Is Leaving CRV To Launch Solo Fund
The four-time Midas List investor behind Airtable's Series A is one of the most entrenched startup investors to join a recent trend of VC departures.
The Upshot
Max Gazor, a longtime general partner at CRV, is planning to leave the venture capital firm to launch his own fund this fall.
Gazor and the firm have already begun telling key stakeholders within the firm’s network about his plans, multiple sources tell Upstarts. Gazor will keep his board seats on behalf of CRV but not make new investments for the firm.
The four-time Midas List investor plans to raise a fund in the ballpark of $150 million, two sources say, focused on leading early-stage investments in AI startups. Gazor is not expected to bring on other partners in the new firm, which doesn’t yet have a name, per his recent discussions.
Gazor declined to comment. A CRV spokesperson confirmed the news to Upstarts on Thursday night. “Max is, and will continue to be, a valued member of the CRV family,” they said. “We’re excited for Max, wish him the very best and are excited to continue to back entrepreneurs who radically change the way we interact with the world in the AI era.”