Spider Capital

Founder and managing partner Michael Neril leads the investment strategy, supported by partner Minsoo Chi and a bench of operating partners including David Berman, Neal Goldman, and Judy Loehr. The firm structures its decision-making to lean heavily on the operator experience of its partners, who collectively founded over ten enterprise startups before moving into venture capital. Deal sourcing and diligence are distributed among the partnership, with Neril holding final authority on allocations.

Spider Capital invests exclusively in direct seed-stage equity deals. The firm does not market itself as a fund-of-funds and has not publicly disclosed participating in any outside venture fund commitments. Its model is built around concentrated, early ownership positions in enterprise and applied AI startups, with the operating team directly intervening on go-to-market, hiring, and board governance.

Spider leans on the enterprise networks of its operating partners—former senior leaders from Cisco, Salesforce, LiveOps, and Zoom—to generate early visibility into founders building for industrial sectors. The firm also markets itself to founders as a substitute for a first outside board member, which serves as a sourcing funnel by attracting engineers and domain experts who need go-to-market expertise rather than just capital.