# Ulu Ventures

Ulu Ventures is a Venture Capital based in Palo Alto, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** www.uluventures.com
- **LinkedIn:** https://www.linkedin.com/company/ulu-ventures

## Regulatory record

- **CRD number:** 286433
- **SEC file number:** 802-112985
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/286433

## About

Ulu Ventures is an exempt reporting adviser based in Palo Alto, CA. It focuses on early-stage technology investments. The firm invests in companies across various sectors.

## Sectors

- Blockchain
- Consumer
- Edtech
- Enterprise
- Fintech
- Healthtech
- Sustainability

## People

- Miriam Rivera — Co-Founder and Managing Director
- Clint Korver — Co-Founder and Managing Director

## Questions

### Who runs investment decisions at Ulu Ventures?

Co-founders Miriam Rivera and Clint Korver serve as managing directors and make all investment decisions jointly. Both bring operator and academic backgrounds — Rivera was an early Google executive and practicing attorney; Korver is a Stanford-trained engineer who co-authored a textbook on decision analysis. Neither partner delegates final investment authority to junior team members.

### How does Ulu source proprietary deal flow?

Ulu sources through the Stanford ecosystem — where both partners teach — and through a network of diverse founders and operators. The firm's consistent diversity metrics suggest sourcing from networks that traditional venture firms often overlook. Rivera's legal career and Google tenure provide access to technical founders, while Korver's decision-analysis community surfaces deals from engineering and data-science circles.

### What investment stages does Ulu Ventures target?

Ulu targets pre-seed and seed-stage rounds, with selectivity toward companies that have a product prototype or early customer validation. The fund rarely leads rounds below the seed level and will sometimes co-invest alongside larger multi-stage firms when the valuation and round structure aligns with the fund's ownership targets.

### How does Ulu's decision framework differ from standard VC investment committees?

Ulu requires every partner to independently score each investment on a defined set of criteria before discussion — a technique adapted from academic decision-analysis literature designed to reduce anchoring bias. The scores are aggregated and debated, with the final decision recorded against the original scoring. The result is a fully documented investment rationale for every portfolio company, win or lose.

### Does Ulu Ventures manage multiple fund vehicles or a single fund family?

Ulu operates a single core fund family — Ulu Ventures Fund I through IV — without parallel opportunity funds or annex vehicles. The firm has not publicly announced a growth-stage or opportunity fund, concentrating all deployment into the seed-stage strategy.

### What is Ulu's known posture on diverse founders and portfolio diversity?

Ulu reports that its portfolio includes a higher-than-industry-average proportion of women and minority founders, which the firm attributes to its structured decision process rather than a mandate-driven strategy. The scoring framework explicitly separates founder demographics from the evaluation criteria, with the firm arguing that de-biasing the process produces a more representative portfolio as a mathematical byproduct.

## Related profiles

- [Ulupono Initiative](https://altss.com/profile/ulupono-initiative)
- [Uluwatu Capital](https://altss.com/profile/uluwatu-capital)

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Last updated: 2026-08-14T12:30:00.000Z

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