You could call it Lightspeed’s second act in the consumer space.
It is Jeremy Liew, the firm’s first consumer specialist, that catapulted the relatively little-known venture capital firm Lightspeed Venture Partners into the public eye. His $485,000 investment in Snap—the photo-sharing social media company’s very first check—snowballed into a $8.1 million exit, awarding Lightspeed’s investors a 250x on-paper return. He co-led the Series B round of buy now, pay later giant Affirm—the first funding round where venture capitalists were offered a stake in the company. And it was Liew who co-led the Series A of The Honest Company, Jessica Alba’s eco-friendly consumer products company.
