Frequently Asked Questions
Where is Lombardstreet Ventures located?
Our team is based in Woodside, California.
At what stage does the firm invest?
We specialize in the pre-seed and seed stages. The smaller and earlier the company is, the better. We can do follow-on investments in our portfolio companies up to the Series A round.
What is the check size for each investment?
We invest up to $500,000 in each company.
How does the due diligence process work?
We usually make a decision within a few days from the first meeting. After that, you can expect some more questions over email and sometimes a request for a second meeting with the whole founding team. Every investment decision is based first and by a long shot on the entrepreneur and second on the idea. When we meet an exceptional team, we invest—regardless of the vertical.
Do you lead rounds?
Nope.
Do you take board seats?
We don’t take board seats. We invest founder-first, and not having a board seat is in the best interest of all the parties.
What do you look for in founders?
We seek out innovative and driven entrepreneurs who have a knack for identifying emerging markets before anyone else. Their foresight and quick action in addressing these opportunities make them stand out from the crowd.
Do you require founders’ periodic updates?
We believe that consistent and persistent communication with investors is a significant benefit in identifying potential issues at an earlier stage in the company’s cycle. We seek responsive founders who understand the value of sharing information with investors.
What do you think about remote teams?
In the early stages of a company, founders who work closely together in a physical workspace possess a significant advantage over other organizational models. However, when a distributed team creates a competitive edge and fits with the product strategy, we love investing in it.
Do you invest in non-US companies?
No. Our investment strategy is to target US-based companies and prioritize the US market. We believe that Silicon Valley gives entrepreneurs a competitive advantage over any other geography; whenever possible, we prefer investing in founders in the Bay Area.
If your company is outside the USA, relocate the company and founders, then come talk to us.
What are Lombardstreet areas and markets of interest?
We aim to invest across markets. We are software engineers, and whenever possible, we prefer to invest in the following verticals
- B2B first, but open to selected B2C opportunities
- SaaS
- Infrastructure software
- Open source/open core
- Developer tools and frameworks
- API-first solutions
- Enterprise AI tech stack
- Generative AI infrastructure
- Innovative solutions tackling the challenges of new markets
How can founders submit an idea to Lombardstreet Ventures?
Before submitting your idea to our team, please review our investment thesis on this FAQ page to confirm we are a good fit for your company. As a reminder, we only consider US companies with a founding team based in the United States.
We review every application as soon as possible. However, due to the high volume of submissions we receive, we can only reply if your project aligns with our current investment focus.
To submit your idea, send an email including the following information:
- Company Overview: A link to your website and a brief description of what you are building and why.
- Location: The location of the company and its founders, along with an explanation of its strategic importance to your business.
- Founding Team: A brief background for each founder, including LinkedIn profiles. We always appreciate a video presentation of the team.
- Traction: Details on your growth, including your most notable recent achievement, how long it took to accomplish, and the specific steps you took to reach that metric.
- Pitch: An attached pitch deck that is accessible, preferably in PDF. We also strongly encourage you to include a 2-minute video pitch or product demo with audio commentary that highlights the most relevant facts.
What should I read before contacting Lombardstreet Ventures?
- Read this page to understand how we work
- Review our portfolio of investments
- 4 Indicators of Potential Success in a Pre-Seed Startup Team
- Pitching to Pre-Seed Investors: What You Need to Know to be Prepared