Venture Capital

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Leslie Ventures

Mark Leslie's family office invests in early-stage enterprise tech from Portola Valley, built on Veritas Software exit proceeds.

Leslie Ventures

Leslie Ventures is a venture capital firm founded in 2001 in Portola Valley, California. It invests in information technology companies with scalable and innovative business models. The firm has made 23 investments and 7 portfolio exits.

General information

Firm type

Venture Capital

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Portola Valley

Corporate office

Portola Valley, CA, United States

Principals

Mark Leslie

Managing Director

Sector focus

Enterprise SoftwareAI/MLCybersecurityDigital HealthFinTech

Frequently asked questions

Who runs investment decisions at Leslie Ventures?

Mark Leslie serves as Managing Director and makes investment decisions personally. He is the former founding Chairman and CEO of Veritas Software, which sold to Symantec for $13.5 billion in 2004. Leslie's operating background in enterprise infrastructure informs his investment selection, and he frequently takes board seats in portfolio companies as part of his active oversight approach.

Does Leslie Ventures commit to external venture funds or only invest directly?

Leslie Ventures invests primarily through direct equity positions, though the firm has co-invested alongside top-tier seed funds on specific opportunities. The firm's permanent-capital structure — fully proprietary with no outside LPs — means it is not a traditional fund-of-funds, and its direct investments often reflect Mark Leslie's personal operating experience and board involvement.

What investment stages does Leslie Ventures target?

The firm concentrates on seed and Series A rounds, investing at the earliest stages of company formation. This stage preference aligns with Mark Leslie's experience scaling Veritas from startup to publicly traded enterprise, and Leslie Ventures typically invests as a follow-on to institutional leads rather than leading rounds independently.

Which sectors does Leslie Ventures prioritize?

Leslie Ventures focuses on enterprise technology, specifically data management, storage infrastructure, cybersecurity, and applied AI. These sectors mirror the domain expertise Mark Leslie developed as CEO of Veritas Software. The firm also has exposure to digital health and fintech through opportunistic early-stage investments.

How is Leslie Ventures related to the Leslie Family Foundation?

The Leslie Family Foundation is the philanthropic vehicle of Mark and Debra Leslie, with sons Seth and Josh Leslie involved in its governance. While legally separate from Leslie Ventures, both entities are funded by the Veritas Software exit proceeds and share a common family governance structure. The foundation does not make venture investments.

Where does the underlying wealth come from?

The wealth derives from Mark Leslie's role as founding Chairman and CEO of Veritas Software, which he led from startup to a public company. Veritas was acquired by Symantec in 2004 for $13.5 billion, generating substantial liquidity for Leslie, who had served as CEO since the company's founding in 1983.

Does Leslie Ventures maintain an office outside Portola Valley?

Public records confirm only the Portola Valley headquarters. Mark Leslie's board and teaching roles at Stanford University and New York University create an informal bi-coastal network, but no additional offices are publicly listed, consistent with the firm's deliberately private, single-family-office posture.

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