Hudson Valley Startup Fund

The firm is managed by a group of five managing members for Fund II — Johnny LeHane, Tony DiMarco, Leon Greene, Andrew Schulkind, and Jeff Werner — all of whom are serial entrepreneurs or operators in the Hudson Valley. Because the fund is member-managed, LP investors are also integrated into screening and due diligence committees. Day-to-day investment leadership sits with the managing members, who coordinate the collaborative vetting process described on the firm's website.

No. The firm's website states clearly that HVSF is not presently making new investments. Prior to this pause, it actively deployed pre-seed and seed capital into tech companies in the Hudson Valley and adjacent regions. The firm has disclosed no timeframe for resuming new investments or launching a third fund.

According to the firm, average initial investments are $200,000 or more. HVSF targets pre-seed and seed-stage companies with proprietary technology, market-defining products, and total addressable markets of at least $500 million. The fund serves as a bridge between friends-and-family financing and later-stage institutional venture capital.

Deal flow is driven by the fund's more than 60 member investors, who leverage their local networks across the Hudson Valley and adjacent areas. The firm's website describes a collaborative process where LPs actively participate in company screening and vetting. This grassroots, community-based sourcing model is a core part of HVSF's identity rather than a centralized deal-sourcing team.

HVSF prioritizes ventures located in and around the Hudson Valley region of New York, but its mandate extends to adjacent areas. The fund was created specifically to fuel the entrepreneurial ecosystem in that geography, aiming to fill a capital gap for founders who have outgrown individual angel checks but are not yet ready for institutional venture rounds.