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DarkIris
DarkIris was formed in 2014 by Jeff Fluhr, the co-founder and former CEO of StubHub, following the secondary ticket marketplace's 2007 acquisition by eBay.
DarkIris
DarkIris was formed in 2014 by Jeff Fluhr, the co-founder and former CEO of StubHub, following the secondary ticket marketplace's 2007 acquisition by eBay. The firm operates as a single family office managing Fluhr's technology liquidity, with an investment posture built on Fluhr's experience as both a founder and an active angel investor in the Bay Area ecosystem. The firm deploys capital primarily into seed and early Series A rounds, with check sizes typically ranging from $100K to $500K per initial investment. DarkIris concentrates on enterprise software, fintech, and digital health, and has backed companies including Plaid, Eaze, and Rigetti Computing. The geographic focus skews heavily toward San Francisco and New York. Rather than leading rounds, Fluhr co-invests alongside established seed funds, a posture that lets the office maintain a diversified portfolio without building internal sourcing infrastructure. DarkIris operates without a dedicated team, functioning as Fluhr's direct investment vehicle. The office has participated in over 60 deals since inception, with deal flow sourced from Fluhr's personal network of founders and venture capitalists. A portion of capital also flows into select venture funds, including those managed by General Catalyst and First Round Capital. Fluhr has not publicly disclosed a succession or institutionalization plan for the office. DarkIris' structural differentiator is the operator density behind every allocation: Fluhr invests his own capital exclusively, with no external LPs, no fundraising cycles, and an investment committee of one. That architecture removes the timing pressure and consensus-building that shape multi-principal family offices and institutional venture firms, giving him the latitude to write conviction checks faster than a typical fund.
General information
Firm type
Single Family Office
Year founded
2014
AUM
$100M–$300M (Altss estimate)
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Jeff Fluhr
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at DarkIris?
Jeff Fluhr makes all investment decisions directly. DarkIris operates as a single-family office with no external investment committee and no non-family investment professionals. Fluhr's background as founder and former CEO of StubHub informs the office's sector focus and hands-on approach to founder relationships.
Where does the underlying wealth come from?
The capital originates from Fluhr's sale of StubHub to eBay for $310 million in 2007 (per TechCrunch, 2007). StubHub, which Fluhr co-founded in 2000, became the largest secondary ticket marketplace in the United States before the acquisition. Fluhr's proceeds from that exit form the asset base for DarkIris.
Does DarkIris participate in fund commitments or only direct deals?
DarkIris executes both direct startup investments and fund commitments. On the direct side, Fluhr writes checks into seed and early-stage rounds. On the fund side, DarkIris has committed to General Catalyst and First Round Capital, among other Bay Area venture firms. The portfolio mix leans toward direct deals.
What investment stages does DarkIris typically target?
The firm focuses almost entirely on seed and Series A rounds, with initial check sizes ranging from $100K to $500K. Fluhr does occasionally participate in follow-on rounds through special purpose vehicles when a portfolio company demonstrates strong traction. The office does not pursue growth-stage or late-stage opportunities as a primary strategy.
How does DarkIris source proprietary deal flow?
Deal flow comes through Fluhr's personal network of founders, angel investors, and venture partners built over two decades in the Bay Area. Because DarkIris writes checks alongside top seed funds rather than competing for lead allocations, the firm sees deal access that a solo GP without Fluhr's operator track record would not typically command. The office does not accept unsolicited pitches publicly.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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