The Founder's Guide to

8VC

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Overview

8VC is a prominent venture capital firm founded in 2015 by Joe Lonsdale, a co-founder of Palantir Technologies. Headquartered in Austin, Texas, the firm has established itself as a key player in the venture capital landscape, managing over $6 billion in capital across multiple funds. Originally based in San Francisco, 8VC relocated to Austin in 2020, aligning with its vision of contributing to the 'American industrial renaissance.' The firm operates both as a traditional venture capital fund and through its innovative 'Build' program, which allows it to co-found startups by utilizing 25-30% of its fund capital. With a team of 115 members, including 15 partners, 8VC is well-equipped to support its portfolio companies with extensive resources and expertise. The firm has raised significant capital, with its latest fund, Fund V, closing at $880 million in February 2023. 8VC's reputation is built on its strategic focus on 'national capability' companies, particularly in sectors such as defense, industrials, and bio-infrastructure, making it a sought-after partner for startups aiming to create substantial societal value.

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Frequently Asked Questions

What stages does 8VC invest in?

8VC invests across multiple stages, including pre-seed, seed, Series A, Series B, and growth equity. This broad range allows them to support startups at various points in their development, from early-stage concepts to more established companies seeking growth capital.

How do I pitch 8VC?

To pitch 8VC, founders should prepare a comprehensive presentation that outlines their business model, market opportunity, and team. While specific submission guidelines are not provided, a well-structured pitch deck that clearly communicates the startup's value proposition is essential.

What sectors does 8VC focus on?

8VC focuses on several key sectors, including defense, healthcare, logistics, artificial intelligence, and enterprise software. Their investment strategy emphasizes companies that contribute to national capabilities and the American industrial renaissance.

What is 8VC's typical check size?

8VC typically invests between $500,000 and $50 million in its portfolio companies. The firm often targets a sweet spot of around $10 million for its investments, allowing for significant support to startups as they scale.

Where does 8VC invest geographically?

8VC primarily invests in North America, with its headquarters in Austin, Texas. The firm also has an office in India, expanding its reach and ability to support startups in diverse markets.

What is the application process for 8VC?

The application process for 8VC is not explicitly detailed, but founders are encouraged to reach out with their pitch materials. Networking and warm introductions may enhance the chances of securing a meeting with the firm.

What portfolio support does 8VC provide?

8VC offers extensive support to its portfolio companies through its Build program, which co-founds startups and assembles teams of specialists. This model provides startups with not only capital but also mentorship and operational guidance from experienced professionals.

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