Where do you invest?
We invest in companies based in the Eastern US—our reasoning stems from our original thesis that there exists a growing opportunity for disruption beyond traditional tech hubs.
What do you invest in?
We invest exclusively in B2B software companies. Our reasoning for focusing exclusively on B2B stems from our deep operational expertise in scaling the types of companies and our conviction that a unique market opportunity exists for innovation within the enterprise.
At what stage do you invest?
We are early-stage investors. Not only do we find excitement in working with founders with new and unique asymmetrical insights into specific industry problems, but we find that our strongest value-add comes from working with founders early on in their company-building process.
What do you mean by "Share Your Challenges"?
When we meet with founders, we ask them to share their most significant challenges. This exercise helps us evaluate how we can add value to the venture. It ensures that founders see us as more than just financial backers but also as operational and strategic allies. Transparency is pivotal in fostering a productive founder-investor relationship.
What do you look for when assessing a company for an investment?
Business Model: We invest exclusively in B2B software companies. Our reasoning for focusing exclusively on B2B stems from our deep operational expertise in scaling these types of companies and our conviction that there exists a unique market opportunity for innovation within the enterprise.
Stage: We are early-stage investors. Not only do we find excitement in working with founders with new and unique asymmetrical insights into specific industry problems, but we find that our strongest value-add comes from working with founders early on in their company-building process.
Sector: We consider ourselves generalist investors within B2B and target investments in vertical SaaS, software-enabled marketplaces, and knowledge worker tools. Consumer-facing technology, hardware or service-based businesses, and industries like biotech and Web3 that require deep domain expertise to develop conviction fall outside our thesis.
Traction: Our investments typically demonstrate early product-market fit signals. $15-75K MRR is our sweet spot for recurring revenue businesses, but we understand that product-market fit also manifests in other ways.
Geography: We invest in companies based in the Eastern US. Our reasoning stems from our original thesis that a growing opportunity for disruption exists beyond traditional tech hubs.
What is your process for evaluating an investment opportunity?
We have a robust internal system and processes for evaluating potential investments and new deals. Our internal strategy guides our analysis to ensure we invest in companies that align with our values and objectives. Unlike a checklist, we have criteria we explain in the initial and ongoing investment meetings and due diligence processes to encourage founders to think deeply about various aspects of their businesses.
Do you have a Newsletter?
Yes, we curate a bi-monthly newsletter that you can subscribe to for updates, portfolio jobs, news, event information, and insights.
What is your Platform & Post-Investment Involvement?
Our Platform encapsulates the tangible benefits portfolio companies gain access to, including mentorship from the LOVC Team, partnerships, peer support, PR support, fundraising support, exclusive events, and a broad range of operational resources. We consistently identify opportunities where new and existing portfolio companies, organizations, and preferred vendors in our network can develop business synergies together, learn from past experiences, and assist in each others’ long-term successes. All of our portfolio companies have direct advisory and mentorship access from LOVC Partners.
Do you lead rounds? What is your ticket size?
Yes, we are lead investors. Our typical investment ticket size ranges from $1m to $3.5M, depending on various factors.
What criteria do you use for assessment?
We apply the LOVC Framework, a set of carefully chosen criteria designed to evaluate the opportunities a startup presents holistically.
How many new investments do you make annually?
On average, we make 4-6 new investments each year.
Are you actively investing? Do you provide future fundraising support?
Absolutely! We welcome you to submit your pitch deckfor consideration.
We reserve capital for follow-on investments in select portfolio companies demonstrating successful growth & operational metrics.
What prerequisites must be met for investment?
We encourage you to review the LOVC Framework to understand the criteria we look for.
What is the size of your fund?
Our current fund, Fund II, stands at $50M.
What sectors do you avoid?
We avoid industries where we need more expertise or can't add significant value. We do not invest in Pharmaceutical Companies, BioTech, or companies that require FDA approval.
How long is your decision-making process?
Our decision-making process is thorough and can range from 1 to 3 weeks, depending on various factors.
Do you take a board seat or multiple seats?
We typically take board seats in our investments and portfolio companies.
Do you expect founders to work full-time on their startups?
Yes, full-time commitment from founders is a crucial signal to us that the venture is a top priority.
Are you an accelerator or an angel syndicate?
No, we operate as a traditional venture capital fund with complete discretion in our investment choices.