"The funding was led by two Silicon Valley heavyweights - Sequoia's Michael Moritz and Kleiner Perkins's John Doerr - who last invested together in Google. "
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"The gift is from Crankstart, a foundation in California backed by the venture capitalist Michael Moritz and his wife, Harriet Heyman, a writer, who are longtime supporters of the program."
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"But by the mid 2000s, he wanted a bigger platform and sought out his old mentors, including legendary venture capitalist Michael Moritz of Sequoia Capital."
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"The program, called Surge and a brainchild of Managing Director Shailendra Singh, began in 2019 to give upstarts $1 million to $2 million in upfront capital as well as coaching and time with luminaries such as Sequoia partner Michael Moritz and Stripe Inc. co-founder Patrick Collison. "
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"The firm has raised around $70 million from investors, including $38 million in its first funding round completed earlier last year, which saw venture-capitalist billionaire Michael Moritz commit $25 million."
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