Founded in 1981, Zero Stage Capital currently manages $250 million in capital. Zero Stage chooses early and later stage investments in information technology, software, communications and healthcare companies. According to the company, a Zero Stage effect is the process of taking "something and lift[ing] its nature to a whole new level." A graphic on Zero Stage's website of a bicycle morphing into a motorcycle illustrates this notion. The firm's latest fund, Zero Stage Capital, L.P. VI, closed with $125 million in October 1999.