Becoming a venture capitalist has become the latest status symbol in Hollywood.
Everyone these days, from Olivia Wilde to Emma Watson, is either launching a venture firm or is in the process of backing the next hottest company. Robinhood, Uber, and Klarna all have some glitzy names on their cap tables, paving the way for the rise of “Hollywood angels.”
For founders, having celebs on the cap table can bring a lot of buzz to the startup — and bonus points if the celeb knows what they are doing, too. Here are some of the top celebs investing and what they typically look to invest in. (This list will be updated periodically).
Snoop Dogg
The famous rapper and personality is a prolific angel investor and is also a founder of Casa Verde Capital, a firm focused on cannabis investments. As an angel investor, according to PitchBook, he’s backed companies such as Cameo, Reddit, Klarna, Robinhood, and the fintech MoonPay, alongside other celebs on this list. He’s made at least 26 investments, according to PitchBook. The managing partner of Casa Verde Capital is Karan Wadhera and the firm closed a $94 million Fund II in 2020.
Sara and Erin Foster
The Foster sisters are two of Hollywood’s most famous siblings, best known these days as the producers of the Kristen Bell Netflix show “Nobody Wants This.” They launched a venture firm in 2022 looking to raise $20 million to back consumer companies, and the fund has officially closed, their reps confirmed to us. They know the consumer area well: They already have a podcast, a clothing line, and a hit television show.
PitchBook shows the firm, which they run alongside business partner Phil Schwarz, has written at least six checks, including into companies like the diaper brand Kudos (alongside Gwyneth Paltrow) and the luxury boxed wine company Juliet.
As angel investors, the sisters have also invested in the alkaline water company ZenWTR. Sara is also an angel investor in the swimwear company Summersalt and the ear-piercing startup Rowan.
(From left) Erin …