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Jack Altman
Professional profile
Jack Altman is a prominent figure in the venture capital and tech startup world. He is currently the Managing Partner at Alt Capital, a $150 million seed-stage venture firm he founded in February 2024.13
Career Highlights
Lattice: Jack co-founded Lattice, an HR software platform with over 5,000 customers, where he served as CEO for over 8 years (September 2015 - January 2024).2 He currently holds the position of Chairman at Lattice.1
Previous Roles: Before Lattice, Jack held positions as:
- VP of Business Development at Teespring (2013-2015)
- Investor at Hydrazine Capital (2012-2014)
- Analyst at Gleacher & Company (2011-2012)2
Education
Jack earned his A.B. in Economics from Princeton University, graduating in 2011.12
Alt Capital
In February 2024, Jack launched Alt Capital, a $150 million venture capital fund focused on investing in early-stage founders and startups.3 The fund aims to provide not just capital, but also valuable advice and network connections to help portfolio companies acquire customers, capital, and talent.3
Investment Philosophy
Jack's investment approach emphasizes:
- Providing quality advice based on company context and personal experience
- Leveraging his network to help companies grow quickly3
He focuses primarily on B2B software companies, particularly those enhanced with AI.4
Personal
Interestingly, Jack is the brother of Sam Altman, the leader of OpenAI. However, Sam is not involved in Alt Capital due to potential conflicts of interest.3
Jack is active on social media, sharing insights on company culture and management on platforms like Twitter (@jaltma) and his personal blog.56
Highlights
Sam did the offer to buy Uncapped get lost in the mail?
This week's guest on Uncapped is @bradlightcap, COO at OpenAI.
We talked about the history of OpenAI, the shift in AI from chat to agents, where new startups can endure, Codex, FDEs, working with Sam, and more. Hope you enjoy!
(0:00) Intro (0:39) The early days of OpenAI (3:47) A research centric culture (7:32) Post-ChatGPT chapters (11:54) Sci-Fi future or good software (15:26) AI’s impact on rural communities (18:57) Codex and coding of the future (24:04) Doing a lot of things at once (27:55) What VCs should invest in (35:43) The software sell off (38:23) Using Codex over ChatGPT (42:32) FDEs and Private Equity (44:53) Working with Sam

