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Former Sequoia Partner Amy Sun has already raised millions for her stealthy startup – TechCrunch

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Former Sequoia companion Amy Sun, who left the famed enterprise capital agency simply months in the past, has already raised $3.eight million for her new startup, Daylight Labs, SEC filings show.

Daylight Labs might be creating an answer to assist gig financial system employees earn more money, Solar hints to PJDM. Nonetheless within the early product growth phases, the startup started through the pandemic when Solar seen what number of industries had been “fully decimated” by the disaster.

“How are you going to leverage know-how to create new methods for folks to earn to make a dwelling,” she stated. “We’re innovating on the precise format and product.”

There is no such thing as a web site or data obtainable on-line about Daylight Labs, and Solar declined to touch upon extra specifics of the enterprise, saying that the corporate continues to be iterating on its closing product. What we do know, nevertheless, is that the corporate is a mixture of all of Solar’s experiences in her profession to date, from product administration at Uber, to engaged on the Tales workforce at Fb, to, most lately, investing in shopper firms on behalf of Sequoia Capital, which she joined in 2018.

Picture Credit: Amy Solar

The Harvard grad began her profession in product advertising at Microsoft, the place she helped launch the Floor pill. Solar then spent greater than three years at Uber as a founding member of the ride-sharing firms progress advertising workforce, which included getting drivers to hitch the platform.

“By way of that have I acquired to construct actually robust relationships with drivers,” she stated. “Seeing that you just’re capable of come right into a metropolis with a know-how and other people can begin incomes cash, immediately — that’s actually eye opening for me.” Notably, in California, the Uber and Lyft-backed Prop 22 bill passed, which permits gig employees to stay labeled as impartial contractors as a substitute of full-time employees.

At Fb, Solar labored on the corporate’s Tales product as a product supervisor. It’s unclear how her expertise with shopper cameras and AR might be used inside Daylight Labs, however that may undoubtedly be fascinating to trace. Throughout her tenure, customers of Fb Tales swelled from 2 million to 100 million.

Most lately, Solar labored at Sequoia Capital as the primary lady on the agency’s progress stage workforce. Her portfolio included Noom, Aurora, Glossier, and The Wing, though she says she has transitioned “most tasks” from her tenure, together with board seats, to the remainder of the Sequoia workforce.

As for why go away the agency so quickly after becoming a member of, Solar merely stated that beginning an organization has “all the time been a dream” because the starting of her profession.

Since leaving Sequoia, Solar has lived a “nomadic way of life” with time in San Francisco, Boston, North Carolina, and extra lately, Austin, Texas. Daylight Labs is predicated out of Austin, and Solar joins troves of entrepreneurs who’ve been shifting to the realm for years.

Extra to return on Daylight Labs when Solar is able to share.

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Author

Natasha Mascarenhas