The General Partnership

The General Partnership is a venture capital firm that works with startups during their formation and growth stages.

ActiveVenture Capital

Updated: Dec 17, 2025 ·

About

We are a VC firm of engineers, recruiters, designers, sales leaders, writers and product thinkers that deploy into the companies we partner with.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 11, 2026	Meridian	$17.0M Seed	Andreessen Horowitz, The General Partnership	FPV Ventures, Litquidity Capital, QED Investors
Oct 1, 2025	Defakto Security	$31.0M Series B	—	Bloomberg Beta, XYZ Venture Capital
Sep 1, 2025	Sophont	$9.0M Seed	—	Insight Partners, Kindred Ventures, M12, Dejana Dua, Thomas Dohmke
Sep 1, 2025	Airbuds	$5.0M Seed	—	ACME Capital, Frederique Dame, IVP, Hans Tung, Seven Seven Six, The House Fund, Ulu Ventures, Workday Ventures, Arash Ferdowsi, Ding Zhou, Gokul Rajaram, Kevin Weil, Marc Benioff
Sep 1, 2025	Simple	$35.0M Series B	—	Neu Venture Capital, Roger Ehrenberg, Sean Flynn
Sep 1, 2025	DroneDeploy	$15.0M Venture Round	—	AngelPad, Bessemer Venture Partners, Emergence Capital, High Alpha, Scale Venture Partners, Uncork Capital, XYZ Venture Capital
Sep 1, 2025	Baseten	$150.0M Series D	—	01 Advisors, Gautam Gupta, Kevin Hartz, Accel, Acrew Capital, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Bond, C2 Investment, Conviction Partners, DTCP, Forerunner Ventures, Gradient Ventures, Greylock, Sangeen Zeb, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Pioneer Fund, Plaid, Predictive VC, Ribbit Capital, Sequoia Capital, Spark Capital, Jarrod Dicker, Y Combinator, Aaron Levie, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Frederic Kerrest, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Aug 1, 2025	Rain	$58.0M Series B	—	Acequia Capital, A'Z Angels, Cadenza Capital Management, NextView Ventures, Norwest Venture Partners, Paradigm, Picus Capital, QED Investors, Sapphire Ventures, sequel, SignalFire, Apoorva Ruparel, Musaab Hakami, Russell Cook
Aug 1, 2025	CityMall	$47.0M Series D	—	Andreessen Horowitz, Freestyle Capital, General Catalyst, Krishna Yeshwant, Norwest Venture Partners, Wave Capital
Jul 1, 2025	Runloop AI	$7.0M Seed	—	Exponent Founders Capital, Nascent, Roneil Rumburg
Jul 1, 2025	Olto	$5.0M Seed	—	Ahead VC, Felicis Ventures, Greylock, Nexus Venture Partners, Otherwise Fund, Y Combinator, Paul Graham
Jul 1, 2025	Giga	$61.0M Series A	—	Ahead VC, Nexus Venture Partners
Jun 1, 2025	Delphi	$16.0M Series A	—	ACME Capital, AirAngels, C2 Investment, Frederique Dame, Homebrew, IVP, Lightspeed Venture Partners, Hans Tung, Otherwise Fund, Seven Seven Six, Spark Capital, Spero Ventures, The House Fund, Ulu Ventures, Workday Ventures, Amjad Masad, Arash Ferdowsi, Charlie Songhurst, David Lieb, Ding Zhou, Karim Atiyeh, Kevin Weil, Marc Benioff, Mike Hudack, Mike Krieger, Tobias Lutke
Jun 1, 2025	Laurel	$80.0M Series C	—	5Y Capital, ACME Capital, Alumni Ventures, Flex Capital, General Catalyst, Granite Asia, Frederique Dame, GV, Infinite Capital, IVP, Monozukuri Ventures, Hans Tung, Notable Capital, Paradigm, Pareto Holdings, Runa Capital, S28 Capital, Seven Seven Six, Slow Ventures, Soma Capital, Summit Partners, The House Fund, Tribe Capital, Ulu Ventures, Workday Ventures, Zeev Capital, Arash Ferdowsi, Casey Neistat, Ding Zhou, Gokul Rajaram, Kevin Weil, Marc Benioff, Ravi Grover, Shay Banon, Tom Blomfield
Jun 1, 2025	Warp	$10.0M Series A	—	ACME Capital, Addition, Alumni Ventures, Andreessen Horowitz, Basecamp Fund, Bee Partners, Blue Bear Capital, Bond, Contrary Capital, Craft Ventures, Floodgate, General Catalyst, Giant Ventures, Giza Polish Ventures, Greylock, Frederique Dame, Haystack, IVP, Kleiner Perkins, Klossy, LAUNCH, Lux Capital, Makers Fund, Maniv Mobility, Matrix, Menlo Ventures, Next Play Ventures, Hans Tung, Sequoia Capital, Seven Seven Six, Slow Ventures, The House Fund, Toyota Ventures, Tribe Capital, Ultratech Capital Partners, Ulu Ventures, UP.Partners, Venture Highway, Volition Capital, Workday Ventures, Y Combinator, Adam Back, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Catherine Lu, Ding Zhou, Drew Houston, Dylan Field, Elad Gil, Emmett Shear, Gokul Rajaram, Henry Kravis, Jonathan Wasserstrum, Kelvin Beachum Jr., Kevin Weil, Kyle Vogt, Manish Chandra, Marc Benioff, Nico Rosberg, Sahin Boydas, Sam Altman, Tony Xu
Jun 1, 2025	Row64	$4.0M Seed	—	Alumni Ventures, Autopilot Fund, Builders, DNX Ventures, Elevate Ventures, Fifth Wall, Hustle Fund, Redbud VC, Anthony Pompliano, Ben Davenport, Charlie Feng
Jun 1, 2025	Castle	$1.0M Seed	—	500 Global, Archetype, Basis Set Ventures, Boost VC, Citi Ventures, Contour Venture Partners, Cyberstarts VC, Founders Fund, F-Prime Capital Partners, Index Ventures, Redpoint Ventures, Trajectory Ventures, UpHonest Capital, Valar Ventures, Venture Guides, Winklevoss Capital, Work-Bench, Y Combinator, Amos Elliston, Arash Ferdowsi, Balaji Srinivasan, Charlie Songhurst, David Bettner, Jeff Arnold, Johan Lorenzen, John Collison, Mo El-Bibany, Nitay Joffe, Othman Laraki, Roger Ehrenberg
Jun 1, 2025	Parallel Bio	$21.0M Series A	—	ACME Capital, Frederique Dame, Harmonix Fund, IVP, Hans Tung, Seven Seven Six, The House Fund, Ulu Ventures, Workday Ventures, Arash Ferdowsi, Ding Zhou, Gokul Rajaram, Kevin Weil
May 1, 2025	Glide	$15.0M Series A	—	Acrew Capital, Act One Ventures, Alumni Ventures, American Express Ventures, Bain Capital Ventures, Adeyemi Ajao, Rexhep Dollaku, Benchstrength, Coelius Capital, Company Capital, Craft Ventures, Emergence Capital, ENIAC Ventures, f7 Ventures, Homebrew, Index Ventures, Inspired Capital, Latitud, Operator Collective, Pear VC, Play Ventures, Precursor Ventures, PS Investments, Saga, Sequoia Capital, Stash Ventures, Vamos Ventures, Visible Ventures, Y Combinator, Akshay Kothari, Alexandre Prot, Arash Ferdowsi, Claire Hughes Johnson, Emanuel Pleitez, Gloria Baeuerlein, Guillaume Princen, Hanno Renner, Jean Charles Samuelian, Job Van Der Voort, Maxime Paradis
May 1, 2025	Sprinter Health	$55.0M Series B	—	1984 Ventures, 7wire Ventures, Andreessen Horowitz, Forerunner Ventures, Freestyle Capital, General Catalyst, Geodesic Capital, Krishna Yeshwant, Kinnevik, Threshold Ventures, Wave Capital
Apr 1, 2025	Thatch	$40.0M Series B	—	2.12 Angels, AAF Management Ltd., Kevin Hartz, AME Cloud Ventures, Andreessen Horowitz, Angelic Ventures, Brainchild, Coinbase Ventures, Matt Ocko, DFJ, Digital Currency Group, Dimension Capital, Dispersion Capital, Dreamers VC, Founders Fund, General Catalyst, Goodwater Capital, Greylock, Hardware Club, Shawn Modarresi, Kindred Ventures, Locus Ventures, LombardStreet Ventures, Marcy Venture Partners, Mayfield, Menlo Ventures, Off the Grid Ventures, Oyster Ventures, Pantera Capital, South Park Commons, The Hit Forge, Third Kind Ventures, Uncork Capital, Verified Capital, Balaji Srinivasan, Ben Davenport, Chris Kelly, George Burke, James Hong, Jared Leto, Jay Z, Jeff Seibert, John Hennessy, Kaushik Subramanian, Mo El-Bibany, Shervin Pishevar
Apr 1, 2025	Kenzo Security	$5.0M Seed	—	AirAngels, Ensemble VC, Yousuf Khan, Twin Ventures, Neha Narkhede
Apr 1, 2025	SigIQ	$10.0M Seed	—	ACME Capital, Frederique Dame, IVP, Hans Tung, Seven Seven Six, The House Fund, Ulu Ventures, Workday Ventures, Arash Ferdowsi, Ding Zhou, Gokul Rajaram, Kevin Weil, Marc Benioff
Mar 1, 2025	Arcade	$25.0M Series A	—	5AM Ventures, Abstract Ventures, Accolade Partners, Acrew Capital, Act One Ventures, Adverb Ventures, AirAngels, Altimeter Capital, Alumni Ventures, American Express Ventures, AngelCube, Jana Messerschmidt, ATX Venture Partners, Bain Capital Ventures, Adeyemi Ajao, Canaan Partners, Company Capital, CP Ventures, Fabric Ventures, Forerunner Ventures, Foundation Capital, Greylock, Homebrew, Index Ventures, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Owl Ventures, Pantera Capital, Pioneer Fund, Precursor Ventures, RevTech Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sound Ventures, Stage 2 Capital, Torch Capital, Union Square Ventures, Upfront Ventures, Vamos Ventures, Weekend Fund, Amjad Masad, Emanuel Pleitez, Evan Williams, Fareed Mosavat, Gokul Rajaram, Jeffrey Wilke, Joanne Bradford, John Legend, Jonathan Widawski, Marissa Mayer, Mathilde Collin, Scott Belsky, Stewart Butterfield
Mar 1, 2025	Rain	$25.0M Series A	—	NextView Ventures, Norwest Venture Partners, SignalFire

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at The General Partnership.

Leadership Team

Key people at The General Partnership.

Deep Dive

The General Partnership (TheGP) is a venture capital firm founded in 2022 that partners closely with early-stage startups, particularly at the pre-seed and seed stages, combining capital investment with deep operational support through a unique "Sweat Equity" model. This approach embeds TheGP’s team of engineers, recruiters, designers, and go-to-market experts directly within portfolio companies for extended periods, helping them achieve product-market fit and scale effectively. TheGP focuses on sectors such as security and privacy, software and apps, fintech, Web 3.0, media, healthtech, and wellness, aiming to accelerate startup growth by providing hands-on partnership beyond traditional financial backing[1][2][3].

The firm’s mission is to redefine venture capital partnership by aligning incentives with founders through active collaboration rather than passive investment. This model has proven successful, leading to the launch of their second fund, TheGP II, with $300 million in committed capital, doubling down on supporting founders who value true operational partnership alongside capital infusion[1][2][3].

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Origin Story

The General Partnership evolved from Sweat Equity Ventures, initially founded in 2018 by Dan Portillo, focusing on non-executive recruitment for startups. In 2021, Phin Barnes, formerly a partner at First Round Capital, joined the team, prompting a rebranding and expansion of the model to include a broader range of operational support services. The firm officially launched as The General Partnership in 2022 in San Francisco. Their evolution reflects a deliberate shift to prioritize service and operational involvement, addressing the shortcomings of traditional VC models that often fail to provide hands-on support to early-stage founders[2][3][5].

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Core Differentiators

Unique Investment Model: TheGP’s "Sweat Equity" model combines capital investment with embedded operational support, where team members work directly within startups for up to nine months to help build teams, refine products, and optimize go-to-market strategies[1][2][3].

Network Strength: TheGP’s team includes seasoned professionals with backgrounds at Stripe, Robinhood, Slack, LinkedIn, YouTube, Oracle, Square, and more, providing startups access to top-tier expertise in recruiting, engineering, product, and marketing[2].

Track Record: Since its founding, TheGP has made 28 investments, with an average check size of $6.8 million and a maximum check of $142 million, demonstrating strong capital deployment and portfolio growth[1].

Operating Support: Unlike traditional VCs, TheGP separates venture services from capital, transforming operational support from a cost burden into a revenue-generating center, offering detailed scopes of work including recruitment, engineering, and market entry strategies tailored to each startup’s needs[3].

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Role in the Broader Tech Landscape

The General Partnership rides the trend of increasing demand for hands-on venture capital that goes beyond funding to include operational partnership. This timing is critical as early-stage startups face complex challenges in product development, team building, and market entry that traditional VC models often overlook. Market forces favor firms that can provide both capital and expert support, especially in competitive sectors like fintech, Web 3.0, and healthtech. By embedding experts within startups, TheGP influences the broader ecosystem by accelerating product-market fit and scaling, setting a new standard for venture partnership that other firms are beginning to emulate[1][2][3].

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Quick Take & Future Outlook

Looking ahead, The General Partnership is positioned to deepen its impact by leveraging its $300 million second fund to support more founders through its sweat equity model. Trends such as AI, decentralized finance, and digital health will likely shape their portfolio focus. The firm’s influence may grow as it continues to demonstrate that active operational involvement can significantly improve startup outcomes, potentially reshaping venture capital norms toward more collaborative and service-oriented models. TheGP’s commitment to true partnership suggests it will remain a key player in early-stage venture capital, driving innovation and founder success in the evolving tech landscape[1][2][3].

Sources

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Origin Story

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Core Differentiators

Unique Investment Model: TheGP’s "Sweat Equity" model combines capital investment with embedded operational support, where team members work directly within startups for up to nine months to help build teams, refine products, and optimize go-to-market strategies[1][2][3].

Network Strength: TheGP’s team includes seasoned professionals with backgrounds at Stripe, Robinhood, Slack, LinkedIn, YouTube, Oracle, Square, and more, providing startups access to top-tier expertise in recruiting, engineering, product, and marketing[2].

Track Record: Since its founding, TheGP has made 28 investments, with an average check size of $6.8 million and a maximum check of $142 million, demonstrating strong capital deployment and portfolio growth[1].

Operating Support: Unlike traditional VCs, TheGP separates venture services from capital, transforming operational support from a cost burden into a revenue-generating center, offering detailed scopes of work including recruitment, engineering, and market entry strategies tailored to each startup’s needs[3].

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Role in the Broader Tech Landscape

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