ii

In a move implying that the launch went well, JFFVentures today unveiled its second fund, JFFVentures Fund II, with a target of $50 million. So how is JFFVentures Fund II planning to avoid these pitfalls? Well, Raja says, while the fund is operationally independent from JFF, JFFVentures Fund II will benefit from the wider JFF community, including its connections with government, corporate, education and nonprofit partners. “We’ve committed in our fund docs that at least 50% of Fund II founders will identify as underrepresented in terms of founder backgrounds,” he said. Kerszenbaum pointed to JFFVentures’ inaugural fund performance as evidence Fund II can succeed, though.