- CompanyRevolution’s Rise of the Rest Seed Fund
Anna Mason was one of the few female distressed-debt traders at Lehman Brothers when the 2008 financial crisis hit. Though Lehman didn’t survive, Mason’s experience of being in the minority stuck with her. While roughly 75% of venture investments are made in Massachusetts, New York, and California, Mason and Revolution CEO Steve Case are hunting for promising seed-stage venture startups in areas of the country that other investors have long overlooked. Mason leads the fund’s well-known road-trip bus tours across the U.S., and is known herself for being an ace networker. In July, James Murdoch invested in the $28 million Series C round of Revolution portfolio company AppHarvest, following an introduction to the firm by Mason. Her other checks have gone to the likes of St. Louis swimwear company Summersalt and Pryon, a Raleigh-based work-automation firm. The seed fund's investors include Jeff Bezos, Meg Whitman and Ray Dalio.