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Fearless Ventures
Seth Miller and Dave Kashen's Fearless Ventures ties early-stage capital to mandatory leadership coaching, drawing on Miller's tenure at DBL Investors.
Fearless Ventures
Fearless Ventures is a venture capital fund that invests in companies. The fund has made 5 investments, including a Series F - II investment in Devoted Health on January 30, 2026. Fearless Ventures has 2 portfolio exits, including Akili Interactive, which exited on August 19, 2022.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Seth Miller
Co-Founder
Dave Kashen
Co-Founder
Frequently asked questions
Who makes investment decisions at Fearless Ventures?
Co-founders Seth Miller and Dave Kashen are the named principals driving investment decisions. Miller's background is institutional venture capital; he was a general partner and investment committee member at DBL Investors for over a decade. Kashen's background blends operating experience — he founded two VC-backed startups — with a decade of executive coaching for more than 100 startup CEOs. The firm's public materials do not indicate a broader investment committee.
What is Fearless Ventures' approach to working with portfolio companies after the check is written?
The firm integrates a structured leadership program directly into its investment offering. Portfolio founders receive subsidized one-on-one coaching, a two-day conscious-leadership intensive, and ongoing monthly workshops for their teams. Fearless Ventures also conducts a stakeholder-mapping exercise to help companies tie board-level KPIs to specific programs for employees, customers, and communities. The coaching is not an optional value-add; it is a core component of the firm's stated investment model.
What is Seth Miller's track record as an investor?
Miller spent roughly twelve years as a general partner at DBL Investors, a $225 million impact-oriented venture firm. The DBL portfolio produced five IPOs — Pandora, Tesla Motors, SolarCity, Five Prime Therapeutics, and CareDx — alongside M&A exits such as eMeter's sale to Siemens and Powerlight's sale to Sunpower. The firm's website also identifies Miller as having been involved with SpaceX while at DBL, and he currently serves as chairman of the board for luxury brand Maiyet.
Does Fearless Ventures commit to funds managed by other firms or only make direct investments?
Available public materials describe only direct early-stage investments. There is no mention of fund-of-funds commitments, SPVs structured for specific deals, or participation in other managers' vehicles. The firm's model centers on a hands-on, high-touch engagement with a limited number of portfolio companies rather than a broad commitment strategy.
How is Fearless Ventures' coaching program different from standard venture-firm platform services?
Most venture firms offer portfolio support as a menu of optional resources. Fearless Ventures makes leadership training mandatory, embedding it in the investment terms. The coaching is delivered directly by the firm through intensive retreats and ongoing monthly sessions, not outsourced to a third-party vendor. The firm explicitly states it aims to shift company culture from 'fear and ego' to 'love and vision,' making the coaching a structural obligation rather than a perk.
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