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Crosscut Ventures

Los Angeles, CACROSSCUT-VENTURES
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Dossier Summary

Early-stage venture firm focused on Los Angeles and Southern California's growing technology ecosystem.

Classification
Slugcrosscut-ventures
HQLos Angeles, CA
Stage FocusSeed to Series A, typically $500K-$3M checks. Heavy focus…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Crosscut is a solid, if unspectacular, regional fund that actually knows their sectors well. They're not going to wow you with brand name or write huge checks, but they're competent investors who do their homework. The LA focus is real - they genuinely care about building the ecosystem there, not just mining it. Post-investment, they're reasonably helpful but not miracle workers. Biggest knock is they can be slow to move and sometimes overthink deals. If you're a B2B company in LA looking for smart money that won't interfere too much, they're worth talking to.

KEY TAKEAWAYS
  • Best for: B2B SaaS companies in LA who want local investors who know the space
  • Watch out for: Slow decision-making and sometimes over-analytical approach
  • Known for: Strong sector focus and genuine commitment to LA startup ecosystem
Investment Thesis

Early-stage fund focused on B2B software and marketplaces, primarily in LA and the broader West Coast. They target companies with strong unit economics and defensible business models in sectors they understand deeply.

Stage & Sector Focus

Seed to Series A, typically $500K-$3M checks. Heavy focus on B2B SaaS, marketplaces, and fintech. Strong LA bias but will go outside for the right deal. Actually stick to their sectors unlike many generalist funds.

Notable Portfolio
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Key Partners
Brian Garrett
Managing Partner

Former McKinsey consultant turned VC. Been at Crosscut since 2015. Known for being analytical and process-driven. Founders say he's thorough in diligence but can be slow to decide.

Rick Smith
Managing Partner

Co-founder with deep LA connections and operating experience. More of the relationship guy. Good at opening doors and making intros, though some founders find him scattered across too many deals.

Charles Plauche
Partner

Former entrepreneur and product guy who joined as a partner. Brings operational perspective and is more hands-on with portfolio companies post-investment than the other partners.

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