On the TechTO stage ×1
First seen on the TechTO stage in 2020. Every talk is searchable — ask the archive about Wes ↗
In their words
We run a high conviction concentrated portfolio. You might have heard of the spray and pray model, which some early stage investors run — we're very much the antithesis of that. We like to run a portfolio of 12 to 15 investments per fund.
We very much believe that doing good is good business. So while we're not an impact fund, we like to invest in those companies and entrepreneurs that are mindful of all stakeholders.
We invest anywhere in the U.S. and Canada, although I would say we've got a real interest in what we call emerging geographies. I think Toronto might have already emerged.
More from TechTO ×1
Around the web ×1
Quick answers
Who is Wes Barton?
A co-founder and general partner of Third Prime, the New York early-stage venture firm he started in 2016. He previously spent about a decade in private equity and hedge funds at Trimaran and Trian, was a technology investment banker, and practised M&A law at Skadden. He holds a JD from Duke.
How does Third Prime invest?
Concentrated and lead-oriented. Barton told TechTO the firm runs 12 to 15 investments per fund rather than spraying capital, typically leads with cheques around $1 million, and has gone as low as $250,000 at pre-seed and as high as $3.5 million for a first cheque.
Why was he on the TechTO stage?
He and Neal Desai of Kafene were the first American guests on Founders & Funding, on 2020-04-24. Third Prime led Kafene's Series A, and Barton had sat on the board of Octane, where Desai was CFO before founding Kafene.