NVCA Member Spotlight: .406 Ventures

Welcome to our Member Spotlight series where we give a profile overview of our many diverse members. For this deep dive, we spoke to Liam Donohue, Co-Founder and Managing Partner of .406 Ventures, to learn more about his firm.

Tell us about your firm. What makes it different?

When we founded .406 Ventures, we set out to build a firm that had a unique combination of characteristics, including:

Operational centricity – each of our team members have operational experience, which informs our appreciation for the grit it takes to build great companies as well as our collective instinct to be as helpful as possible to the entrepreneurs we back, and even to those we don’t.

Early-stage focus – we are focused on Series A investing, which for us means companies that have some early evidence of product-market fit, but that still have a lot of building to do. We find that this is the stage where we can add the most value and thus generate the strongest returns for our LPs.

Right-sized funds – our four core funds, which range from $170M to $300M, are big enough to matter, but not so big that we feel pressure to over capitalize companies or move to later stage investing.

Focused on domains we know well – for over 15 years, we have targeted our investments on enterprise-focused companies in spaces we know really well:  healthcare, cybersecurity, and data / cloud. Even within each of these verticals, we are careful to (Read more...)