PJC

Managing Partner David Martirano leads the firm. He is supported by General Partner Matt Hayes and venture partners Zaid Ashai, Arun Saigal, and Alok Deshpande, all listed on the firm's website. Specific check sizes and investment committee mechanics are not publicly detailed.

PJC's website highlights a large network of industry experts built over two decades, which the firm deploys to answer portfolio company questions and likely generates referrals. Its operator-heavy team — most partners are former founders, M&A professionals, and financial analysts — suggests that deal origination runs through operator-to-operator relationships rather than a centralized outbound engine.

Available evidence points to direct early-stage equity investments. PJC's portfolio page lists named company stakes without indicating fund-of-funds commitments, and the firm does not advertise any fund vehicles on its website. A direct-only model would be consistent with the firm's lean team size.

PJC does not publish a formal exclusions list. Its identified portfolio concentrates on enterprise software, fintech, consumer tech, digital health, and insurtech. There is no disclosed activity in life sciences, hard tech, or deep tech, suggesting those verticals are not part of the current thesis.

Publicly known exits include Expensify (NASDAQ: EXFY), a consumer IoT company acquired by Google, a consumer analytics platform acquired by Salesforce, a consumer energy company acquired by Mitsubishi, and a digital recruiting platform acquired by StepStone. These realized exits span enterprise SaaS, consumer hardware, and two-sided marketplaces.