Asset Manager

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Position A Partners

Mike Furlong and Jim Morrison run Position A Partners, a Ross-based venture firm that closed a $105M sophomore fund in 2022 to lead pre-seed and seed...

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Position A Partners

Position A Partners operates from Ross, California, deploying capital across pre-seed, seed, and early-stage growth rounds. The firm launched its second fund, Position A Partners II, in 2022, closing on $105 million according to an SEC filing. Managing Partners Mike Furlong and Jim Morrison anchor the investment team, drawing on direct operator experience — Morrison co-founded and sold two venture-backed companies before transitioning to institutional investing. The strategy centers on company formation and very early-stage technology investing, with capital reserved for follow-on growth rounds. The portfolio spans enterprise software, fintech, and infrastructure, with confirmed positions including Front, the customer communication platform, and Finch, the unified employment API. Position A typically writes initial checks between $500,000 and $2 million, often syndicating with seed-stage peers in the Bay Area ecosystem. The firm favors founders building workflow software, developer tools, and applied AI applications. Position A Partners II represents a step-function increase from the firm's debut vehicle, reflecting deepened LP relationships and a track record of early-stage wins. The firm maintains a lean operation with no publicly disclosed additional offices, concentrating its networks across San Francisco, New York, and emerging tech hubs. Philanthropic or adjacent vehicles have not been publicly announced. The structural differentiator lies in the partnership's operator-operator sourcing model. Both Furlong and Morrison entered venture capital after founding and exiting companies, giving them access to founder circles that institutional allocators often cannot replicate. This bottoms-up origination approach, combined with a disciplined reserve strategy for follow-on capital, positions the firm as a concentrated early-stage specialist rather than a generalist platform.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Ross

Corporate office

Ross, CA, United States

Principals

Mike Furlong

Managing Partner

Jim Morrison

Managing Partner

Frequently asked questions

Who runs investment decisions at Position A Partners?

Managing Partners Mike Furlong and Jim Morrison jointly lead the investment practice. Both are former founders themselves — Morrison built and sold two venture-backed startups prior to forming the firm. Individual check-writing authority has not been publicly detailed, but the partnership structure suggests consensus-based decision-making on larger commitments.

How does Position A Partners source proprietary deal flow?

The firm relies on founder networks cultivated through the partners' own operating backgrounds. Furlong and Morrison leverage relationships across San Francisco and New York startup ecosystems, often seeing deals before they reach broader institutional syndicates. They have not disclosed in-house sourcing teams, implying a partner-driven origination model.

What investment stages does Position A Partners typically target?

The firm concentrates on pre-seed and seed rounds, with selective participation in Series A and growth-stage follow-ons. Their second fund, closed at $105 million in 2022, reserved capital specifically for pro-rata follow-ons in portfolio companies that hit early milestones (per SEC filing, 2022).

Does Position A Partners participate in fund commitments or only direct deals?

Position A Partners invests directly into companies, not through fund-of-funds structures. All publicly disclosed allocations have been equity investments in operating companies, consistent with their operator-led, company-formation mandate.

Which sectors does Position A Partners explicitly avoid?

No explicit sector exclusions have been published. The portfolio concentrates on enterprise software, fintech, and developer tools. Hard tech, biotech, and consumer social companies have not appeared in publicly disclosed positions, suggesting an effective avoidance of capital-intensive or long-gestation verticals.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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