This is definitely my thought. This must be for a Series A fund - given that is where the glut is, per PG. But not sure that $39M will be sufficient. Although

This is definitely my thought. This must be for a Series A fund - given that is where the glut is, per PG. But not sure that $39M will be sufficient. Although, the more I think about it...."Initialize Capital" is an clever name for a seed stage tech fund.