# Trust Fund

Trust Fund is a Venture Capital based in Menlo Park, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** trustfund.vc

## Regulatory record

- **Reports private funds:** No

## About

Trust Fund is an early-stage venture fund focused exclusively (yet broadly) on investing in tech-enabled products that help people start and build businesses. The firm writes $150-$300K checks into pre-seed and seed stage companies, does not lead, and does not take board seats. It focuses on areas including marketplaces, logistics, e-commerce enablement, B2B commerce, circular commerce, supply chain optimization, and productivity tools including AI, freelancer economy, and creative tools.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Marketplaces
- E-commerce Enablement
- Logistics
- Supply Chain
- Creator Economy
- Consumer
- Digital Health
- Real Estate
- InsurTech

## People

- Sophia Amoruso — Founder & Managing Partner

## Questions

### Who runs investment decisions at Trust Fund?

Sophia Amoruso is the Founder and Managing Partner and the sole named investment decision-maker. The firm's website and public filings list no other investment partners. Amoruso's track record includes bootstrapping Nasty Gal to over $100M in revenue and personally angel-investing in more than 20 companies before forming the fund.

### Does Trust Fund lead rounds or take board seats?

No. The firm's website states explicitly that Trust Fund does not lead rounds and does not take board seats. It writes $150K–$300K checks as a participant in pre-seed and seed financings.

### What is Trust Fund's sourcing advantage?

Trust Fund uses an audience of over one million social followers — built through Amoruso's book, podcast, and Business Class community of 3,500 founders — to surface deal flow and then to provide portfolio companies with a built-in distribution channel. This audience includes entrepreneurs, freelancers, and small business owners, which aligns with the firm's focus on tools that help people start and build businesses.

### How does Trust Fund's portfolio break down between consumer and enterprise?

The firm describes its portfolio as consumer-angle B2B: tech-enabled products that help people start and run businesses, approached with a consumer brand sensibility. Holdings include enterprise tools like Browse AI, Plot, and Baton, but also consumer brands like Liquid Death and Eight Sleep, reflecting Amoruso's older angel portfolio rather than the strictest reading of the fund's stated thesis.

### What is Sophia Amoruso's prior operating experience?

Amoruso founded Nasty Gal in 2006 and bootstrapped it to a $28M profitable run rate before raising $60M from Index Ventures and Thrive Capital in 2012, scaling the business to over $100M in revenue. She later founded Girlboss, acquired by Attention Capital in 2019, and Business Class, a membership community for entrepreneurs. Her book, #GIRLBOSS, spent 18 weeks on the New York Times bestseller list.

## Related profiles

- [True Wealth Ventures](https://altss.com/profile/true-wealth-ventures)
- [Union Partners](https://altss.com/profile/union-partners)

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Last updated: 2026-08-11T15:08:22.057Z

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