Future Ventures

Steve Jurvetson and Maryanna Saenko are the named managing partners and make investment decisions jointly. Jurvetson brings nearly three decades of venture experience and a long-standing board role at SpaceX. Saenko contributes expertise in defense technology and hardware, having worked at DARPA and Khosla Ventures before co-founding the firm. No additional general partners are listed in public filings.

The firm's primary sourcing advantage is Jurvetson's relationship network, built over decades at the center of deep-tech venture and specifically through his board seat at SpaceX since 2006. That role provides visibility into technical talent, supplier ecosystems, and emerging space startups before they seek institutional capital. Saenko's defense and hard-science network adds a parallel channel, particularly in robotics and AI.

Future Ventures is a venture capital firm, not a single family office. It raises funds from institutional limited partners rather than managing the capital of a single wealthy family. The firm's second fund, filed with the SEC in 2021, targeted $250 million from external investors.

The firm invests from seed through Series B, with a strong bias toward early-stage, technically undeveloped companies. Initial checks typically range from $2 million to $10 million. Future Ventures will follow on into later rounds for breakout portfolio companies, but it does not operate a dedicated growth-stage fund.

The firm explicitly avoids generalist software-as-a-service, consumer internet, and enterprises without a defensible technology moat rooted in physics, biology, or computer science. It does not invest in financial technology, digital health, or enterprise software unless the company's core value derives from a fundamental scientific breakthrough.

Future Ventures invests exclusively through direct equity rounds. It does not allocate to external venture funds as a limited partner, nor does it participate in fund-of-fund structures. The partnership model is built around concentrated, conviction-led direct investments.

Future Ventures regularly co-invests with other deep-tech specialists such as Founders Fund, Lux Capital, and DCVC. The firm does not require a board seat in every deal but will take one when the investment size or technical focus warrants active involvement. Terms are negotiated on a deal-by-deal basis rather than through a formal co-investment club.