Craft Ventures
David Sacks' venture firm focused on enterprise SaaS and marketplace businesses at seed and Series A stages.
Craft is solid but comes with David Sacks baggage — he's brilliant but his Twitter persona can overshadow everything else. The fund has good returns and genuinely helpful operational expertise, especially for B2B SaaS scaling challenges. Sacks will give you brutally honest feedback that's usually right, even if delivered harshly. Jeff Fluhr is the steady hand and more founder-friendly day-to-day partner. They're not afraid to lead rounds and actually help with hiring and go-to-market, but expect direct (sometimes uncomfortable) conversations about your metrics.
- —Best for: B2B SaaS founders who want operational expertise and can handle direct feedback
- —Watch out for: David Sacks' public persona potentially affecting your company's brand
- —Known for: Strong B2B software returns and hands-on post-investment support
Craft Ventures backs B2B software companies with strong unit economics and clear paths to profitability. They focus on enterprise SaaS, fintech, and infrastructure plays where they can leverage their operational expertise to help founders scale efficiently.
Series A through growth-stage B2B software companies, with a heavy emphasis on enterprise SaaS, fintech infrastructure, and vertical software. They typically write $5-25M checks and have shown consistent focus on companies with proven business models rather than moonshots.
PayPal mafia member and former Yammer CEO who sold to Microsoft for $1.2B. Known for his strong product instincts and direct communication style. Founders either love his blunt feedback or find him intimidating.
StubHub founder who built and sold the company to eBay for $310M. Brings deep marketplace and consumer internet experience. Generally well-regarded by founders for his operational insights.
Former Bessemer partner with deep enterprise software experience. Known for being founder-friendly and hands-on with portfolio companies. Less of a brand name but solid operational partner.
Have a specific question about Craft Ventures?
Ask Bernie →