South Park Commons Plans $500 Million Fund for Slow Startups

The investors at South Park Commons realize there are a lot of places that promising founders can go for help when they’re starting companies.

There’s the famed Y Combinator, which enrolls about 500 startups per year. There’s Andreessen Horowitz’s Speedrun, which promises to supercharge startup growth. There are even live-in programs like HF0, which offers laundry and meal services so founders can focus on a productive 12-week sprint.

South Park Commons, a members-only startup community and investment firm, has a different pitch. In an era of fast and furious artificial intelligence funding rounds, it wants its founders to move more slowly. In fact, it doesn’t really ...