# Operator Collective

Operator Collective is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.operatorcollective.com
- **LinkedIn:** https://www.linkedin.com/company/operator-collective

## Regulatory record

- **CRD number:** 304960
- **SEC file number:** 802-117129
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304960

## About

Operator Collective is a venture fund and dream team community of operator LPs. OpCo brings together 200+ of tech’s most exceptional executives from diverse backgrounds to invest in and supercharge the next generation of enterprise tech. Meet the Collective Venture Model™.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Cybersecurity
- Infrastructure

## People

- Mallun Yen — Founder & Managing Partner
- Dana Marohn Spiliotis — Partner
- Haley Brannan — Partner

## Questions

### How does Operator Collective source investment opportunities?

The firm’s core sourcing channel is its own limited partner base. Operator Collective’s 200+ operator LPs — executives at companies including Stripe, Confluent, and Waymo — bring deal flow directly from their networks and participate in diligence alongside the investment team. The firm treats LP referrals as a primary, rather than supplementary, origination pipeline.

### What is the Collective Venture Model and how does it affect portfolio companies?

The Collective Venture Model organizes the firm’s operator LPs as an engaged resource rather than silent capital partners. After an investment, LPs supply introductions to enterprise decision-makers, advise on go-to-market and talent strategy, and in some cases join portfolio company boards. The firm tracks LP activity as a performance input, arguing this creates a structural advantage in early-stage company building.

### Who runs investment decisions at Operator Collective?

Founder and Managing Partner Mallun Yen leads investment decisions. Partners Dana Marohn Spiliotis and Haley Brannan serve on the investment team, and an Investment Advisory Committee — which includes angel investor Dan Scheinman and Scale Venture Partners founder Kate Mitchell — advises on fund strategy. The firm also convenes a Board of Advisors of senior operators who provide deal evaluation and portfolio support.

### What investment stages does Operator Collective typically target?

The firm targets early-stage companies, covering seed, startup, and expansion or late-stage rounds in the venture lifecycle. Its focus remains on B2B technology companies, with the operator LP network positioned to help founders navigate the scaling challenges common to that stage range.

### How does Operator Collective select its limited partners?

Operator Collective builds an LP roster of active technology operators — leaders currently running business units, go-to-market orgs, product divisions, and finance functions at category-defining companies. The firm seeks functional and demographic diversity within that operator base, describing the LP vetting process as a curated, intentional assembly designed to maximize the network’s utility for B2B founders.

## Related profiles

- [Operative Capital](https://altss.com/profile/operative-capital)
- [Operator Network](https://altss.com/profile/operator-network)

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Last updated: 2026-06-03T20:00:00.000Z

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