Altos Ventures
Venture capitalBurlingame · Pre-Seed–Late Stage · 7 people tracked
Also known as Altos Ventures Liquidity · ALTOS VENTURES MANAGEMENT, INC. · Altos Ventures Reserve
Investment thesis
Altos Ventures seeks philosophical alignment with founders it likens to 'Hedgehogs' — entrepreneurs who commit to one business, obsessively measure and track it, and stay with it for the long term rather than chasing many strategies like 'Foxes.' The firm values determination, dedication, conservatism, and long-term commitment, noting it has backed some companies for over a decade. It contrasts serial, well-connected, capital-raising Foxes who thrive in bubbles with bootstrapping Hedgehogs who endure downturns, arguing that focused, persistent founders ultimately build enduring, great companies.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from public directories
What they invest in
from 41 of 47 portfolio companiesSaaS ×28Enterprise Software ×18AI & Machine Learning ×13Fintech ×12Future of Work ×10Consumer ×5Data & Infrastructure ×4Developer Tools ×4
HQs:United States×33United Arab Emirates×1Brazil×1South Korea×1Mexico×1
Investments · 47 tracked
founders shown can be your intro path
Airbnb is an online marketplace that enables people to book and list accommodations for short-term rentals, experiences, and services around the world.
ConsumerMarketplacesTravel & HospitalitySan Francisco, US
Brian Chesky(Founder/CEO)inNathan Blecharczyk(Founder/CTO)inJoe Gebbia(Founder/CPO)inAlfred Lin(Director)Belinda Johnson(Executive Officer)Laurence Tosi(Executive Officer)
Asana is a collaborative work management platform that helps teams align work to goals, coordinate tasks, and automate processes using AI-powered workflows.
Enterprise SoftwareFuture of WorkMarketing TechSaaSSan Francisco, US
Tim Wan(Executive Officer)Colin le Duc(Director)Dustin Moskovitz(Executive Officer, Director)Matthew Cohler(Director)Adam D'Angelo(Director)Eve Saltman(Executive Officer)
Dropbox is a cloud storage and file synchronization platform that helps teams organize files, reduce busywork, and collaborate efficiently.
Cloud ComputingEnterprise SoftwareFuture of WorkSaaSSan Francisco, US
Drew Houston(Founder/CEO)inArash Ferdowsi(Founder)inAshraf Alkarmi(Co-CEO)
Figma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.
Developer ToolsSaaSSan Francisco, US
Daniel Rimer(Director)John Lilly(Director)
BoardEvan Wallace(Executive Officer, Director)Dylan Field(Executive Officer, Director)
San Francisco, US
Evan Sharp(Executive Officer)Mike Yang(Executive Officer)Benjamin Silbermann(Executive Officer, Director, Promoter)Natalie Fair(Executive Officer)
BoardJeremy Levine(Director)Jeff Jordan(Director)
Uber operates a multi-sided platform providing ride-sharing, food delivery, freight logistics, and business fleet management services across various global markets.
Logistics & Supply ChainMarketplacesMobility & TransportationSan Francisco, US
Travis Kalanick(Co-founder & CEO)Garrett Camp(Co-founder)
PushPress builds AI-powered gym management software for fitness studios and gym owners, covering operations, coaching, and member management.
SaaSSports TechWellness & FitnessClaymont, US
Brian Aung(Co-founder)Daniel Uyemura(Executive Officer, Director)Dan Uyemura(Co-founder)Chris McConachie(Co-founder)
BoardTae Yoon(Director)
Rapport Labs operates Quiit (퀸잇), a lifestyle platform and shopping app targeting South Korea's 40s–50s consumer demographic, along with related services such as Paldogam and Rapport Studio.
ConsumerE-commerceMarketplaces
Rally Protocol provides a mobile SDK for React Native developers to build blockchain features and applications.
Crypto & Web3Developer Tools
AfterQuery is an applied research lab that curates training data solutions for foundation model development by capturing expert reasoning and decision-making processes.
AI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareSan Francisco, US
Carta is a cloud-based ERP platform for private capital markets that manages cap tables, equity administration, fund management, and valuations for startups, private companies, and venture funds globally.
Enterprise SoftwareFintechSaaS<UNKNOWN>
Henry Ward(Co-founder)Manu Kumar(Co-founder)Charly Kevers(Chief Financial Officer)Jeff Perry(Chief Revenue Officer)Nick Avery(Chief People Officer)Nicole Baer(Chief Marketing Officer)
Chowbus provides technology solutions designed for restaurants, with current focus on U.S.-based establishments.
FoodTechSaaSChicago, US
Suyu Zhang(Executive Officer, Director)Linxin Wen(Executive Officer, Director)Howard Bhyun(Executive Officer)Qi Zhao(Executive Officer)Pu Chen(Executive Officer)
BoardHarley Miller(Director)
Demandbase provides an AI-powered B2B intelligence platform that integrates go-to-market data, tools, and execution across the GTM ecosystem.
AdTechAI & Machine LearningEnterprise SoftwareMarketing TechSaaSSan Francisco, US
Chris Golec(Founder)Gabriel Rogol(Chief Executive Officer)Umberto Milletti(Chief Product & Technology Officer)Anthony Lee(Director)David Karnstedt(Director)Gregory Sands(Director)
Galena is a learning experience orchestration platform for Brazilian enterprises that integrates internal and external learning resources under a unified skills framework and uses AI to deliver personalized development plans aligned with strategic priorities.
AI & Machine LearningHR TechSaaS
Guidepoint operates an expert network and research platform that connects decision-makers with vetted subject-matter experts, a compliance-reviewed library of interview transcripts, and AI-enabled research tools.
AI & Machine LearningData & InfrastructureEnterprise Software
Kiddom provides a platform combining high-quality instructional materials with digital tools including gradebook, lesson planning, and AI-powered features to help K-12 teachers and administrators manage curriculum and instruction more effectively.
AI & Machine LearningEdTechSaaS
Ahsan Rizvi(Co-Founder and Chief Executive Officer)Abbas Manjee(Co-Founder and Chief Academic Officer)
Kueski provides digital lending and payment services in Mexico, offering personal loans and a buy-now-pay-later product (Kueski Pay) for online and in-store purchases without a credit card.
FintechMexico City, MX
Adalberto Flores Ochoa(Executive Officer, Director)
BoardPeter Kellner(Director)Patrick Gallagher(Director)
Loom is a screen recording and video messaging platform that enables users to record, edit, and share video messages with built-in AI capabilities for documentation and collaboration.
ConsumerCreator EconomyFuture of WorkMedia & EntertainmentSaaSSan Francisco, US
Nicolas Bös(Founder)Daniel Wagner(Founder/Technical)inPhilipp Wein(Founder/Design Lead)in
OpenSesame provides integrated software, curated learning content, and expert services to help organizations prepare their workforce for AI adoption.
AI & Machine LearningEdTechHR TechPortland, US
Joshua D. Blank(Executive Officer)Donald S. Spear(Executive Officer, Director)Thomas R. Turnbull(Executive Officer)Jeffrey B. Baker(Director)Chris Bounds(Director)Nicolas El Baze(Director)
Pipe provides working capital and financial tools to small and medium-sized businesses through integrations with software platforms they use daily.
Enterprise SoftwareFintechSaaSSan Francisco, US
Claurelle Rakipovic(Chief Executive Officer)inVijay Vachani(Chief Operating Officer)inJin Han(Chief Administrative Officer)inNate Wiger(Chief Product & Technology Officer)inAnna Moghaddam(VP, Head of People)in
San Francisco, US
Andrew Sutherland(Executive Officer, Director, Promoter)Jon Foster(Executive Officer)David L. Margulius(Director, Promoter)Greg Sands(Director)Mark Selcow(Executive Officer, Director)
BoardFred Wilson(Director)
Stripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
FintechSaaSSan Francisco, US
John Collison(Founder/President)inPatrick Collison(Founder/CEO)inWilliam Gaybrick(Executive Officer)
BoardMichael Moritz(Director)
Thesis develops reusable, steerable microballoons for routine access to the stratosphere (40,000–130,000 feet), enabling persistent surveillance, communications relay, and atmospheric research for defense, intelligence, commercial, and scientific applications.
AgTechClimate TechData & InfrastructureDeep TechDefense TechInsurTechSpace TechDenver, US
Andrew Antonio(Executive Officer, Director, Promoter)Jared Leidich(Executive Officer, Director, Promoter)Nick Moran(Director)Jared Liedich(Executive Officer)
BoardAlan Eustace(Director)Darren Liccardo(Director)
Vanta provides a security and compliance platform that helps companies improve their security posture and demonstrate compliance to auditors.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US
Christina Cacioppo(Founder/CEO)inBrittany Rose(Executive Officer)Andrew Reed(Director)J Zachary Stein(Director)
Surry Hills, Nsw
Melanie Perkins(Executive Officer, Director)Clifford Obrecht(Executive Officer, Director)
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Altos Co-InvestmentLPs: San Diego City Employees' Retirement System | 2018 | — | 89.2% | 9.44x | 9.44x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Altos Ventures invest at?
- Altos Ventures invests at the Pre-Seed, Seed, Series A, Series C, Late Stage stages.
- What is Altos Ventures's typical check size?
- Altos Ventures typically writes checks of $1M – $3M.
- What sectors does Altos Ventures focus on?
- Altos Ventures focuses on Consumer, Data & Infrastructure, EdTech, Enterprise Software, Hardware, Media & Entertainment, SaaS, Sector Agnostic.
- Where is Altos Ventures located?
- Altos Ventures is headquartered in Burlingame, US.
- Does Altos Ventures lead rounds?
- Altos Ventures typically participates in rounds rather than leading them.
From the blog
visit blog ↗Altos Ventures has written about entrepreneurial archetypes and VC pitfalls, emphasizing disciplined, founder-led approaches over hype-driven strategies. The firm advocates for lean operations, honest investor-founder alignment, and fundamental business strength as keys to building enduring companies. AI summary
Media · Podcasts & interviews
featuring the teamAconic Podcast, Ep. 7 : Managing Director of Altos Ventures, Ho Nam, Hoste by Soon Yu
Aconic Podcast · Ho Nam
Aconic Podcast, Ep. 7: Managing Director of Altos Ventures, Ho Nam. Hosted by Soon Yu
Aconic Podcast · Ho Nam
True concept of the Metaverse - Ho Nam Altos Ventures $RBLX $META
Chubby Daniels · Ho Nam · youtube.com
Conversation with Ho Nam Co-founder of Altos Ventures
Chubby Daniels · Ho Nam
Images
Co-investors · 16
Union Square Ventures is a venture capital firm based in New York City that invests in companies at the edge of large markets being transformed by technological and societal pressures.
Owl Ventures is a venture capital firm focused exclusively on education technology and the future of work, backing companies from pre-revenue through exit.
ACME Capital is a venture firm that backs deep-tech founders combining technical ambition with decisive execution, supporting companies through every phase of growth.
75 & Sunny operates as both a venture fund and startup studio where Zillow co-founder Spencer Rascoff directly incubates companies like Queue while leveraging his media presence as a CNBC contributor and podcast host to give portfolio companies exposure that few small funds can match. The LA-based fund concentrates heavily on proptech and "future of living" investments while co-creating companies with unconventional capital structures like SPACs and fractional home-ownership models, drawing on Rascoff's experience navigating public markets.
Costanoa Ventures is an early-stage venture capital firm that backs a select group of founders solving large, difficult problems, positioning itself as a long-term, operationally engaged partner from a company's earliest days through later milestones.
Kraken is a cryptocurrency exchange operating since 2011, offering crypto trading along with related services such as margin trading, staking, derivatives, and (in the US) equities brokerage through Kraken Securities LLC.
Partech is a global investment firm that supports founders at every stage through dedicated teams and multiple funds across several continents.
Practical Venture Capital (PVC) is a venture firm focused on the secondary market for private, late-stage technology companies. It acquires stakes in mature companies through its Halftime Fund.
Trinity Ventures is an early-stage venture capital firm that invests in mission-driven entrepreneurs and their companies.
Nexus Venture Partners invests in early and early growth stage companies operating in India and the United States across multiple sectors. The firm was founded by entrepreneurs with experience building companies.
Capital Factory is an Austin, Texas-based early-stage investor that backs ambitious founders across the state, offering capital, customer connections, and access to its network.
▶4 more co-investors
Sutter Hill VenturesAmazon Alexa FundHarlem Capital PartnersWilshire Lane Capital
Firms observed investing alongside Altos Ventures, from public investor directories. Shared companies are the overlap with Altos Ventures's recorded portfolio.
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