Skymoon Ventures

David Cao, the founding partner, leads all investment decisions. The firm operates with a lean structure, and Cao serves as the primary point of contact for deal sourcing, diligence, and portfolio support. There is no indication of a broader investment committee beyond Cao and potentially a small number of venture partners.

The firm focuses on pre-seed and seed-stage rounds, with occasional follow-on investments into Series A. Given its concentrated model and likely sub-$50 million fund size, initial checks are modest — likely in the high six figures to low single-digit millions — structured to leave ample reserves for pro-rata rights in later rounds.

There is no explicit exclusion list published by the firm. However, based on its observed deal activity and David Cao's technical background, Skymoon Ventures appears to avoid consumer internet, marketplace, and hardware-intensive investments, staying firmly within pure enterprise software, developer infrastructure, and applied AI.

Skymoon Ventures is a direct investment firm. There is no publicly available evidence of the firm making fund-of-funds commitments or acting as a limited partner in other venture capital vehicles.

Sourcing relies heavily on David Cao's personal network within Silicon Valley's technical founder and engineering communities. Without a public-facing content engine or extensive conference presence, the firm appears to source almost exclusively through referrals from portfolio founders, co-investors, and trusted operators rather than responding to unsolicited pitches.