A Capital Partners

Allen Morgan and Ronny Conway lead the firm as co-founders and managing partners. Morgan brings institutional venture experience from his tenure as a Mayfield Fund partner and earlier role building Latham & Watkins' venture practice. Conway previously ran the seed program at Andreessen Horowitz and grew up immersed in his father Ron Conway's angel investing network.

The firm's sourcing model relies on the Conway family network and Morgan's decades of venture relationships. Ronny Conway's close ties to SV Angel — the seed vehicle run by his father Ron Conway — create a proprietary flow of early-stage opportunities that often reach A Capital before broader institutional rounds form. Morgan's legal and Mayfield connections add a second, independent origination channel.

A Capital operates as a traditional institutional venture capital firm with external limited partners, not a family office. Despite Ronny Conway's famous lineage, the vehicle manages outside capital and follows standard venture fund economics and governance.

The firm focuses on seed and early-stage rounds, often acting as one of the first institutional checks in a company's fundraising journey. A Capital typically co-invests alongside larger venture firms rather than leading rounds, positioning itself as a bridge from angel syndicates to Series A financing.

Ronny Conway is the son of Ron Conway, who founded SV Angel. The two firms are legally separate entities with distinct investment committees and portfolios, though they share overlapping deal flow given the family connection. A Capital often sees opportunities that pass through SV Angel's extensive seed-stage pipeline.