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Not Yet Ventures
Not Yet Ventures is an earliest-stage venture firm that backs founders before the world has a clear reason to. It treats “Not Yet” as a third answer between...
Not Yet Ventures
Not Yet Ventures is an earliest-stage venture firm that backs founders before the world has a clear reason to. It treats “Not Yet” as a third answer between yes and no: naming what would need to be true and staying in the relationship until investment becomes possible. The firm gives help before wiring capital, forms conviction from founder behavior over time, and aims to be a first serious believer. Its standard first check is $30,000 for 1.5%, with ongoing partnership, intros, and direct honesty rather than formal board oversight.
General information
Firm type
Venture Capital
Year founded
2023
Location
Region
North America
Country
United States
City
Charlottesville
Corporate office
Charlottesville, VA, United States
Principals
Alex
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Not Yet Ventures?
Alex, the Managing Partner, leads all investment decisions. The firm operates with a single decision-maker structure, which keeps the diligence process personal and fast—a 15-minute conversation with Alex is the first step for any founding team. His background is concentrated in student entrepreneurship, and he personally workshops Y Combinator applications alongside founders.
How does Not Yet Ventures source proprietary deal flow?
Sourcing runs entirely through US university ecosystems. Alex's network of student founders, campus grants, and competitions provides a channel that is hard for larger seed funds to replicate at comparable speed. The firm also benefits from the 'student card'—founders cold-outreaching from a .edu address get high response rates, which feeds Not Yet Ventures' top of funnel.
Does Not Yet Ventures participate in fund commitments or only direct deals?
The firm only makes direct investments into startups. There is no indication of fund-of-funds activity, SPV aggregation, or participation in other managers' vehicles. The model is a single-check, hands-on relationship with each founding team.
How does Not Yet Ventures prepare founders for the next fundraising stage?
Alex personally helps founders workshop their pitch, decks, and Y Combinator applications—17 student entrepreneurs funded by YC have gone through this process with him. The firm also connects teams into a curated network of angels and early-stage VCs who are constructive at the pre-seed and seed stages. Post-investment support includes frequent meetings on KPIs and growth metrics, communication coaching for investor conversations, and positioning the Not Yet Ventures brand as a signal to later-stage investors.
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