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We noticed Ryan Caldbeck when he was a walk-on with Duke basketball in 1999.His resolve and devotion as a reserve guard—including on the 2001 championship team—offered a glimpse of his character. After a decade of involvement in private equity and consumer companies, he launched Circle Up. ‘This is my second business partnering with Jason and Maveron.

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Allbirds is committed to making better things in a better way.

They do this through an unwavering focus on product development to prove that comfort, good design and sustainability don’t have to be mutually exclusive.

Since Circle Up’s founding in 2012, several dozen startups have raised tens of millions of dollars.

It also partners with powerhouses such as General Mills and Procter & Gamble to help those Fortune 500 companies scout possible brand sensations of the future.

But more than that financial success, our stake marked the establishment of our investing in disruptive, first-rate, consuming-facing education businesses.