• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

Current price of oil as of June 12, 2026

3

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

Current price of oil as of June 12, 2026

3

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
NewslettersTerm Sheet

Exclusive: Zeck, cofounded by Edward Norton, raises $7.5 million to fight the existential dread looming over your board meetings

Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
Down Arrow Button Icon
Allie Garfinkle
By
Allie Garfinkle
Allie Garfinkle
Term Sheet Editor
Down Arrow Button Icon
April 29, 2024, 7:56 AM ET
Zeck cofounders Jeffrey Wolfe, Robert Wolfe, and Edward Norton.
Zeck cofounders Jeffrey Wolfe, Robert Wolfe, and Edward Norton.Edward Norton

Edward Norton wants to fix your terrible board meetings. 

Recommended Video

So, on a break from filming—he’s playing folk legend Pete Seeger right now—he sat down with Fortune to discuss enterprise software.   

“I’ve seen the absurd dynamics of organizations,” said Norton in an exclusive interview. “Sending you a 90-page PDF, 24 hours before a meeting, and you grind through it bleary. Then, you show up at the meeting only to have the whole thing read back to you verbatim. It’s just bananas, it’s wildly inefficient.”

It’s a problem that Zeck, a board presentation software startup cofounded by Norton, is looking to solve. Norton and his Zeck cofounders, Robert and Jeffrey Wolfe, previously cofounded crowdfunding platform CrowdRise together, selling the company to GoFundMe in 2017. The three started Zeck in 2022, inspired by their own agonizing board meeting experiences. 

Inevitably bucking your movie star expectations, Norton is in the weeds as the company’s chief strategy officer. And, for the last two years, Norton and the Wolfes have been building out Zeck’s product, which distills hundreds of pages of corporate jargon into interactive websites for boards. Zeck has customers, and even has an AI product, but they’ve held off on substantially raising capital—until now. 

Zeck has raised a $7.5 million Series A, led by Salesforce Ventures and including Khosla Ventures, and Breyer Capital. Connecting with Salesforce was ultimately organic, and a byproduct of about a year of conversations, Norton said. 

Rob Keith, Salesforce Ventures partner, says that it was the right time to invest in Zeck.

“The pandemic-driven shift to remote work has amplified board management challenges, creating a ripe market for Zeck’s transformative solutions to become the new standard,” he told Term Sheet via email. “Zeck is poised to redefine how boards operate.”

And Salesforce, known for its warm and sometimes quirky approach to enterprise software, aligns with Zeck’s ethos. 

“It’s ridiculous that in 2024 any company is still communicating to its board through a fixed slide PDF versus a cloud software platform with robust functionality designed for this specific mission,” Norton said. “It’s like using a Stone Age axe instead of steel. And in this sense the Salesforce DNA and our DNA are obviously extremely well-matched.’   

There’s a natural question: Why isn’t this a problem that’s been solved before? The answers are pretty existential. But for Norton, the existentialism of the problem is part of the appeal of solving it—and makes it feel familiar. 

“In one forum talking about what makes board dynamics so negative, I described prepping for board meetings as a ‘punch-yourself-in-the-face experience,’ and that got a big laugh.” Norton told me, referencing one of his most famous scenes in the film ‘Fight Club’. “I do think that the film’s core existential crisis, that ‘this is your life, and it’s ending one minute at a time’ really does apply to the pain point we are trying to solve. Nobody dreams that one day they’ll be a great builder of a board deck. That’s not anybody’s aspirational narrative for their life!” 

In the end, Norton is making an argument that many software founders agree vehemently with—that good software can make people better, and bad software can make people worse, affecting real-life relationships and interactions. And while it’s easy to get lost in the shuffle, the fact remains that we can better optimize how we spend our time, in boardrooms and elsewhere. 

Because this is your life, and it’s ending one minute at a time.

See you tomorrow, 

Allie Garfinkle
Twitter:
@agarfinks
Email: alexandra.garfinkle@fortune.com
Submit a deal for the Term Sheet newsletter here.

Joe Abrams curated the deals section of today’s newsletter.

VENTURE DEALS

- 401Go, a Sandy, Utah-based retirement plan provider for employers, raised $12 million in Series A funding. Next Frontier Ventures led the round and was joined by Rally Ventures and existing investors Impression Ventures and Stout Street Capital.

- Transcripta Bio, a Palo Alto, Calif.-based drug discovery platform that uses AI to discover and predict the effects of new drugs, raised $10 million from existing investors JAZZ Venture Partners, BlueYard Capital, and others. 

- Edia, a New York City-based AI platform designed to help students succeed at math, raised $9.4 million in funding. Felicis led the round and was joined by 8VC, Inspired Capital, Susa Ventures, and angel investors.

- Klineo, a Paris, France-based digital health startup designed to increase quick access to clinical trials, raised €2 million ($2.1 million) in funding from BPI and business angels.

PRIVATE EQUITY

- Apollo (NYSE: APO) agreed to acquire U.S. Silica Holdings (NYSE: SLCA), a Katy, Texas-based industrial minerals company and a last-mile logistics provider to the oil and gas industry, for approximately $1.9 billion.

- Godspeed Capital Management acquired IDCUS, a Houston, Texas-based professional services consulting firm for public works, transportation, and building facilities. Financial terms were not disclosed. 

OTHER

- Paystand acquired Teampay, a New York City-based spend management platform. Financial terms were not disclosed. 

FUNDS + FUNDS OF FUNDS

- Apiary Capital, a London, U.K.-based private equity firm, raised £240 million ($299.8 million) for their second fund focused on companies across the Business Services, Financial and Technology Services, Healthcare and Education sectors. 

PEOPLE

- Asante Capital Group, a London, U.K.-based private equity placement and advisory group, promoted Laura Leyland to partner. 

- Flourish Ventures, a San Francisco-based venture capital firm, hired Ravi Kaushik as executive director, head of Asia investments. Formerly, he served as the CFO of Agro.Club. 

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers in venture capital and private equity. Sign up for free.

About the Author
Allie Garfinkle
By Allie GarfinkleTerm Sheet Editor
LinkedIn iconTwitter icon

Allie Garfinkle is a senior writer and editor at Fortune, where she runs Term Sheet; leads coverage of private capital, investors, and startups; and co-chairs the Brainstorm conference series.

See full bioRight Arrow Button Icon

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

SpaceX just made IPO history. Gwynne Shotwell made it possible
NewslettersMPW Daily
SpaceX just made IPO history. Gwynne Shotwell made it possible
By Emma HinchliffeJune 12, 2026
1 day ago
Mo Jomaa of CapitalG, Nizar Tarhuni of PitchBook, and Hans Tung of Notable Capital at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
The SpaceX IPO is not the market savior it seems
By Andrew NuscaJune 12, 2026
1 day ago
How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
NewslettersCEO Daily
How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
By Diane BradyJune 12, 2026
1 day ago
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
NewslettersEye on AI
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
By Jeremy KahnJune 11, 2026
2 days ago
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersMPW Daily
How Hollywood trained Bridgit Mendler for life as a space founder
By Emma HinchliffeJune 11, 2026
2 days ago
Chevron’s CFO on why finance chiefs are defining AI’s business value
NewslettersCFO Daily
Chevron’s CFO on why finance chiefs are defining AI’s business value
By Sheryl EstradaJune 11, 2026
2 days ago

Most Popular

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
4 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
1 day ago
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeJune 13, 2026
7 hours ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
2 days ago
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
Energy
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
By Jordan BlumJune 12, 2026
21 hours ago
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
AI
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
By Jeremy KahnJune 13, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.