Expa

Expa functions as a startup studio, not a fund. Garrett Camp generates in-house concepts using his own capital, builds an MVP, recruits a CEO, and then syndicates a priced seed round from external VCs once the company shows traction. Traditional VC firms invest other people's money into existing founding teams on a fixed fund lifecycle. Expa has no LPs, no fixed deployment schedule, and no external pressure to exit.

Garrett Camp, as founder and chairman, controls allocation decisions. The studio recruits venture partners and operators to run individual portfolio companies, but the strategic direction and capital commitment authority remain with Camp. Roberto Sanabria has served as a venture partner, sourcing and supporting early-stage concepts.

Expa's initial incubation phase is funded entirely by Camp's personal capital. Once a company reaches seed stage, the studio brings in external venture investors through priced rounds. This structure means Expa itself does not raise funds from limited partners, though its portfolio companies do.

Expa's portfolio spans mobility, real estate, fintech, and enterprise software. Camp's design philosophy centers on consumer-facing products that reduce friction in everyday life—echoing his work on Uber and StumbleUpon. The studio has recently explored AI-native enterprise tools, though no major spinout has been publicly confirmed in that category.