Scare the Bear Capital

Matthew Dean is the founder and Managing Partner. His own GovCon exit — selling Markon Solutions to Anser Advisory in 2021, which Accenture acquired in 2023 — anchors the firm's investment thesis and decision-making. The firm's website lists no additional investment committee members or internal investment professionals.

No. STB explicitly structures non-controlling investments, which is the central differentiator from traditional private equity. The model aligns founding owners with earn-outs while deploying operating advisors to improve enterprise maturity and exit readiness.

The firm sources primarily through Matthew Dean's and the advisory bench's personal networks within the US government contracting ecosystem. As former CEOs of sold GovCon platforms, advisors maintain direct relationships with founders considering exit. STB does not operate a formal intermediary-sourced origination program.

Scare the Bear Capital has not publicly disclosed any specific portfolio company investments or realized exits. The advisory bench includes multiple founders who sold their own companies, but those exits occurred before or independently of STB's formation. The firm's website describes its advisory model without naming current portfolio holdings (per firm website).

The firm targets government contracting companies with revenue under $40 million and a stated founder timeline to exit within one to three years (per firm website). Specific check sizes or investment ranges are not publicly disclosed.