TenOneTen Ventures

Co-founders David Waxman and Gil Elbaz lead investments. Waxman previously co-founded Firefly Network, and Elbaz co-founded Applied Semantics, acquired by Google in 2003. The firm operates with a lean partnership structure, so the two founders are the central decision-makers on new commitments.

TenOneTen focuses on seed and Series A rounds, with the capacity to lead or co-lead financings. The firm's early-stage emphasis reflects the partners' preference for entering when technical product decisions and initial go-to-market choices are being formed, where their operator experience applies most directly.

The portfolio concentrates on enterprise software, AI and machine learning, data infrastructure, and digital health. The firm avoids consumer internet and capital-intensive sectors like hard-tech hardware, staying within areas where its partners have direct company-building experience.

TenOneTen relies heavily on the networks Waxman and Elbaz built as technical founders and early Google and enterprise-software operators. The firm's Los Angeles base also gives it access to a Southern California engineering and startup ecosystem that is less densely covered by traditional Sand Hill Road firms.

TenOneTen invests directly in early-stage companies and does not operate as a fund-of-funds. The firm makes concentrated equity investments in individual startups rather than allocating capital to other venture managers.