Peter Boyce has left Second General Catalyst to start his own company, more than a year after Venture Capital Firm promoted him as a partner. His new firm is called Stellation Capital, and the filings indicate he wants to raise $ 40 million for the debut investment. Sources say most of this has been closed since the initial SEC filing in April. Boyce declined to comment for this story. It was a quiet transition for investors; Her LinkedIn and Twitter have not been updated to indicate the title of her new job, but her personal website indicates the new jig.
For an investor to raise a few million dollars on his own to leave the capital firm of a prominent venture over a period of eight years – and somehow silently and with minimal coverage – it could result in fund insanity and consequent inaction in another filing. Boyce joined GC in 2013 and led investments in Row, Macro, Tower IQ and Nuclear. He has supported portfolio firms like Giffy, Jet.com and Circle. Outside of GC, Boys has experience with the Co-Foundation and Ongoing Roof Draft Ventures, a program that helps students, recent graduates as well as entrepreneurial promotions on established campuses. He has supported portfolio firms like Giffy, Jet.com and Circle. Outside of GC, Boys has experience with the Co-Foundation and Ongoing Roof Draft Ventures, a program that helps students, recent graduates as well as entrepreneurial promotions on established campuses.
Stellation Capital will raise its work and name in early stage investments. As per the name of the firm, its website, Stella is derived from Latin origin, which means them. The title also “describes the process of enlarging a polygon to form a new shape … just as we are expanding the potential of an organization into new possibilities.” It’s not clear what the firm’s check size and cadence will be, but it said it wants successful firms to back up “their first step” on the website.
