Ashu Garg

Ashu Garg

General Partner, Foundation Capital

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About

The Rubik’s Cube has 43 quintillion combinations - but only one solution. At age 11, Ashu found that solution in 25 seconds flat. Although Ashu hasn’t picked up a Rubik’s Cube in quite a while, he still takes great pleasure in solving complex business challenges. To give just one example, in 2010, an early stage Berkeley-based company that specialized in analytics wanted to get into the media-buying platform business. Ashu helped their small team reach the growing number of brands that were migr...

Work Experience

Foundation Capital logo

Foundation Capital

General Partner

2008 - Present

Foundation Capital is a leading Silicon Valley based early stage venture capital firm. I focus on investing in bold founders who have a vision to transform markets and build enduring companies.
We mostly invest in companies before they have revenues and work closely with them to improve their odds ...

Cohesity logo

Cohesity

Board Member

2015 - Present

School

St. Mary's Academy Meerut logo

St. Mary's Academy Meerut

Anno di laurea/diploma 1988

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Indian Institute of Management Bangalore (IIMB) logo

Indian Institute of Management Bangalore (IIMB)

Business Administration, Master's (6 year program)

1994 - 1996

Foundation Capital logo

Foundation Capital

Building companies is in our bones.

Founded
1995
Location
Palo Alto, CA
Industry
Venture Capital and Private Equity Principals
Employees
11-50

Foundation Capital was founded in 1995. As an early-stage venture capital firm, our fintech, enterprise, and consumer investments have reinvented industries and defined new markets. For over a quarter of a century—through boom and bust, prosperity or calamity—Foundation Capital h...

Funding Timeline

Total funding: $3B
Eleventh Flagship Fund$600 million
March 4, 2025
Limited Partners

Key Decision Makers

S

Steve Vassallo

General Partner

Since 2007

Steve Vassallo is a General Partner at Foundation Capital, focusing on early-stage investments in enterprise, AI, fintech, and crypto sectors. He emphasizes identifying 'pre-founders' and supporting them in creating new markets.

A

Ashu Garg

General Partner

Since 2008

Ashu Garg is a General Partner at Foundation Capital, specializing in enterprise investments. He has been an early investor in companies like Databricks and Tubi, contributing to their growth and success.

J

Joanne Chen

General Partner

Since 2014

Joanne Chen is a General Partner at Foundation Capital, focusing on AI and enterprise investments. She has been instrumental in identifying and supporting founders in these sectors.

Growth Signals

Foundation Capital recently raised a $600 million fund, indicating strong financial health and potential for new investments.
The firm has a history of high cash distributions, returning approximately $1.4 billion to LPs over the last three years, showcasing successful exits and liquidity.

Recent News & Activity

Foundation Capital, an early backer of Solana and Cerebras, raises $600M fund

Foundation Capital announced the closure of its eleventh flagship fund at $600 million, a 20% increase from its previous fund, emphasizing its commitment to early-stage investments.

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Last updated: 3/28/2025

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