Eric is a Managing Partner at Founder Collective, an early stage fund started by a team of entrepreneurs that launched companies and led them through successful exits. Headquartered in Cambridge and New York City, they are focused on helping the next generation of great entrepreneurs build lasting businesses.
A consultant out of college, Paley soon founded his first company, a Web development and marketing firm called Abstract Edge. While in business school in 2003, Paley got involved with Micah Rosenbloom, a classmate at Harvard, along with a research scientist and a tenured Professor at MIT on a project that ultimately turned into Brontes Technologies, which was sold to 3M in 2006 for an 8X return after a bidding war broke out between the five largest companies in the industry.
Paley launched Founder Collective because he believes that most venture funds are out of alignment with entrepreneurs at the seed stage. He says, "I believe that our goals are far more closely aligned with the entrepreneur as we are investing for the early stage, not to own an option on future investment rounds. We sit on the same side of the table going forward and manage success and dilution together."