Founded in 1999 by David Goel, Matrix Capital Management is based in Waltham, Massachusetts. The firm manages private investment funds and has a concentrated portfolio. It invests in rounds with 4-5 participants and is often joined by other venture capital firms such as Valar Ventures and Viking Global Investors. The fund has a particular interest in SaaS and Artificial Intelligence industries. It does not have a specific preference for the number of founders in its portfolio startups. The average investment amount from Matrix Capital Management is between $50 million and $100 million, with an average startup value of $500 million to $1 billion. The fund has been active since 1999 and has a higher exit rate compared to other organizations.