Our Thesis
We believe that the accelerated transition of businesses towards digital-first operations has catalyzed a new era of productivity growth and innovation. At LOVC, we partner with early-stage startups capitalizing on the growing demand for technology that modernizes outdated business workflows and provides measurable ROI benefits. Our core mission is to amplify their impact. We achieve this by taking a low-frequency, high-conviction investment approach, which enables us to be deeply collaborative and hands-on with the founders we back. We believe that this focused approach, coupled with our firsthand experience in building and scaling companies, gives us an asymmetrical advantage in identifying and supporting the next category-defining software companies.
Our Investment Criteria
Stage
Early-stage investors focused on businesses we consider to be post product-market fit and pre G2M-scale. These are usually Seed, Seed+, and smaller Series A rounds.
Sector
Laser-focused on B2B software but industry-agnostic within B2B. We don’t invest in Web3, consumer, hardware, or biotech.
Check Size
We target $1.5-2.5M initial checks and reserve capital for follow-on rounds.
Geography
Companies based in the US and outside of the West Coast.
Traction
$15-75K MRR is our sweet spot for recurring revenue businesses but we understand that product-market fit manifests in other ways as well.
Structure
Targeting $1.5-2.5M initial checks and typically leading rounds $3-7M in size, with additional capital reserved for future rounds. As a low-frequency and high conviction fund, we invest outside of these bounds from time to time.
Our Values
Collaboration
Our collective success is the symphony of individual excellence. We adhere to a culture of genuine teamwork.
Curiosity
Fueled by curiosity, we challenge the status quo and embrace the wonder of exploration to uncover the most impactful opportunities.
Innovation
Our lifeblood is innovative thinking. We champion courageous, independent perspectives that defy convention and propel us forward.
Availability
We target the Seed stage. We find that to be the most exciting time to partner with companies and the stage that we can add the most value as investors.
