Private EquityRIA · CRD 308085SEC-RegisteredPrivate Fund Adviser

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Goat Capital

Robin Chan and Justin Kan launched Goat Capital in 2021 to back early-stage tech with operator instincts.

Goat Capital logo

Goat Capital

Goat Capital is a venture capital firm founded in 2020 in San Francisco, California. It invests in startups, providing funding and resources to early-stage companies. The firm has made 27 investments, including a Series A investment in Cerrion on November 24, 2025.

General information

Firm type

Private Equity

Year founded

2021

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Principals

Robin Chan

General Partner

Justin Kan

General Partner

Sector focus

AI/MLEnterprise SoftwareGaming & eSportsMedia & EntertainmentFinTech

Frequently asked questions

Who makes investment decisions at Goat Capital?

Robin Chan and Justin Kan are the General Partners and primary decision-makers. Kan co-founded Twitch and was a partner at Y Combinator; Chan is a serial entrepreneur and angel investor who co-founded Operator and served as an early-stage venture partner. The firm runs a flat partnership structure without a large investment committee.

How does Goat Capital source deals?

The firm leans heavily on the networks both partners built through their operating careers. Kan's prominence in the startup and creator communities — through Twitch, Y Combinator, and his content creation — surfaces a steady pipeline of founder referrals. Chan brings his own network from prior ventures and his angel investing history, giving the firm a dual-sourcing funnel that doesn't depend on traditional GP marketing or cold outreach.

What investment stages does Goat Capital target?

Goat Capital writes checks at pre-seed and seed, occasionally leading rounds. The firm's public portfolio — including Maven, Party Round, and Clubhouse — shows a pattern of backing companies very early, often before they have established revenue models, with a focus on product-market fit and community-driven growth mechanics.

Does Goat Capital participate in follow-on investments?

Public filings and news reports do not confirm a stated follow-on policy. Given the firm's concentrated model and the depth of Kan's operator network, it is likely they reserve capacity for select pro-rata follow-ons, but no explicit reserve strategy has been disclosed.

Is Goat Capital structured as a fund or a syndicate?

Goat Capital operates as a traditional venture firm rather than a rolling syndicate or SPV-only vehicle, though its specific fund structure and LP base remain undisclosed. The firm's public materials position it as a partnership making equity investments, not as an angel syndicate.

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