FF Ventures

Tom Ferrara and David Flack are the co-founders and principals. Ferrara leads deal origination and portfolio management as Managing Partner; Flack contributes operational and marketing expertise rooted in the companies they built together, including CUnet and Edufficient. Decisions are made jointly, reflecting two decades of shared operating history.

It operates as an asset manager and private equity firm, but without external institutional limited partners. It functions as an operator-led, in-house venture vehicle—part angel portfolio, part incubator—that deploys capital generated from the founders’ own exits rather than from third-party fund commitments.

The firm focuses on direct investments and incubations. There is no publicly available evidence that FF Ventures makes commitments to outside venture funds or acts as a limited partner in other managers' vehicles. Its capital goes directly into early-stage companies.

The firm does not publish a formal exclusion list, but its disclosed portfolio and principals' track records show zero exposure to deep-tech hardware, biotech, infrastructure, or financial services. The firm concentrates narrowly on Ed-Tech, SaaS, and Advertising & Media.

Tom Ferrara and David Flack built their capital base through founding and exiting education-marketing companies. CUnet grew to $100MM in revenue before being acquired by Nelnet; Edufficient achieved a multi-million-dollar exit in 2022. These liquidity events, combined with Ferrara's track record of over 50 angel investments, form the financial foundation of FF Ventures.

The firm’s contact page explicitly invites inquiries from those looking to invest, suggesting openness to co-investment and partnership. However, it does not publicly disclose a formal co-investment program. Any co-investment activity is likely structured on a deal-by-deal basis alongside operators rather than via open fund-of-funds relationships.

FF Ventures describes itself as an 'Early Stage Angel/Venture Capital Firm & Incubator.' Its website tags strategies of 'Seed' stage across Early Stage investments. This positions the firm to write very early checks—sometimes at company formation—and to follow through with operational incubation support.