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LL3 Ventures is an investment organization representing three generations of the Leichtman Levine family, based in San Francisco and Los Angeles. Founded as a dedicated early-stage venture capital vehicle, LL3 Ventures aims to support both early-stage startups and venture capital fund managers. The firm leverages the extensive experience of the Leichtman Levine family in private equity and venture capital, which spans decades.
The organization is part of a broader family ecosystem that includes Levine Leichtman Capital Partners, founded in 1984, which has grown into an $18 billion structured private equity firm. LL3 Ventures operates with an evergreen structure, allowing for long-term capital preservation and diversification across its investments. The firm is committed to building a large, diversified portfolio that fosters innovation across various sectors.
LL3 Ventures adopts a sector-agnostic investment strategy, targeting both early-stage startups and venture capital funds. The firm invests between $500,000 and $5 million into venture capital funds that focus on pre-seed through Series A stages. For startups, LL3 Ventures provides investments ranging from $25,000 to $500,000, specifically looking for companies that are post-product with early revenue. This focus on early revenue indicates a preference for startups that have demonstrated some market traction.
LL3 Ventures emphasizes long-term capital preservation and diversification in its investment thesis. The firm seeks to build relationships with fund managers and startups alike, providing not just capital but also strategic guidance and support. This dual approach allows LL3 Ventures to create a balanced portfolio that can withstand market fluctuations while supporting innovation across various industries.
LL3 Ventures has invested in a diverse range of companies, showcasing its sector-agnostic approach. Notable portfolio companies include:
In addition to direct investments in startups, LL3 Ventures has also backed several venture capital funds, including Cantos Ventures, Commit Capital, FPV, Lasagna, Ravelin Capital, and Red Glass Ventures. This diversified portfolio reflects the firm's commitment to supporting innovation across various sectors and stages of development.
Monica Black: Managing Director at LL3 Ventures. Monica has a strong background in venture capital and private equity, having worked with various firms prior to joining LL3 Ventures. She plays a crucial role in guiding the firm's investment strategy and managing relationships with portfolio companies.
Shawnt Bazikian: Senior Associate at LL3 Ventures. Shawnt brings expertise in evaluating early-stage startups and supporting the firm's investment processes. His role involves conducting due diligence and assisting in the management of the firm's portfolio.
What are LL3 Ventures' investment criteria?
LL3 Ventures invests in early-stage startups and venture capital funds, focusing on pre-seed through Series A stages. They prefer companies that are post-product with early revenue, indicating some level of market validation.
How can I pitch to LL3 Ventures?
Founders can reach out to LL3 Ventures through their official website. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and traction to date.
What makes LL3 Ventures different from other investors?
LL3 Ventures is backed by three generations of the Leichtman Levine family, providing a unique blend of experience and resources. The firm emphasizes long-term capital preservation and diversification, which can be beneficial for startups looking for stable support.
What is the geographic focus of LL3 Ventures?
LL3 Ventures primarily focuses on investments within North America, allowing them to tap into a diverse range of industries and markets.
What is the typical check size for startups?
LL3 Ventures typically invests between $25,000 and $500,000 in early-stage startups, depending on the specific needs and potential of the company.
What kind of support do portfolio companies receive?
LL3 Ventures provides strategic guidance and access to the extensive network of the Leichtman Levine family, which can help startups scale and succeed in their respective markets.
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