NVP Capital

Dan Borok and Vaughn Crowe serve as Co-Founders and Managing Partners and lead all investment decisions. Principal Skylar Dorosin originates and leads deals, with a focus on vertical AI. The firm runs a flat partnership structure without a separate investment committee layer, meaning founders negotiate directly with decision-makers.

The firm deploys capital exclusively through direct investments into early-stage companies, primarily from seed to Series A. There is no indication of a fund-of-funds program or LP commitments to other managers. The firm's portfolio page lists only operating company positions.

NVP Capital focuses on early-stage rounds: seed, start-up, and Series A. Portfolio evidence shows participation in both seed rounds — such as Pair Team and Upscale.ai — and later-stage early financings, including Vulcan Elements' $65 million Series A, where the firm joined a syndicate large enough to attract Wall Street Journal coverage.

The firm does not publish an exclusion list. However, its portfolio shows zero exposure to consumer social media, gaming, hardware without a software layer, or biotech therapeutics. The pattern suggests a hard boundary around B2B software with a vertical-industry application, excluding life sciences and pure consumer.

NVP Capital systematically co-invests and welcomes syndicate partners. Their portfolio includes rounds large enough to require multiple institutional leads — Vulcan Elements at $65 million is a clear example — and the firm’s platform team actively markets to LPs and co-investors through events and a monthly newsletter. They position themselves as a lead or active participant, not a solo check-writer.

Deal flow runs through three channels: Vaughn Crowe’s network from Wesray and the Chambers family office ecosystem, Skylar Dorosin’s scout relationships from her Accel tenure, and Dan Borok’s content-led inbound strategy — his published theses on vertical AI pull founders who want an investor fluent in their domain. The firm also operates outside the Bay Area, giving it a look at companies under-covered by Sand Hill Road funds.

The firm is structured as a standalone venture capital manager, not a family office. Vaughn Crowe’s prior role at Wesray — the family office of Ray Chambers — and his board seat at Newark Beth Israel Medical Center indicate personal philanthropic and civic ties, but NVP Capital itself does not disclose a foundation or charitable arm tied to the management company.