Rincon Venture Partners is one of the most tightly focused VC firms you'll meet:

  • We invest only in web-based businesses (that includes mobile of course).
  • We like businesses with proven, attractive, recurring monetization. We look for businesses with high potential for net negative churn (customer cohorts grow over time).
  • Our investment decision is extremely founder-centric: heavy emphasis on founding team's capabilities, completeness and cohesiveness. To us there are no replacements for founders' level of passion and commitment.
  • We love "serial founding teams" -- folks who have worked together before, experienced success together before and are choosing to do it again in a relevant domain.
  • We like to see at least some early market adoption: in revenue or at least beta, with customers who will rave about your offering.
  • We love founders who have a keen appreciation for the value of a dollar, and are oriented toward achieving extraordinary feats with modest capital.
  • We are a low-volume / concentrated portfolio investor: we lead or co-lead most investments, participate on most Boards, and aspire to be the first call when a founder has a question or is wrestling with an issue.
  • Our initial investment in a company is usually in an equity round labeled Series Seed or Series A. We are typically one of the first funds to invest in a company.
  • We reserve substantially for follow-on investments in existing portfolio companies: usually more than 100% of our initial investment.
  • We spend the most time in our home market of Southern CA: we see a sustained upswell of entrepreneurial talent and startup activity, and an even more dramatically underserved market than when Rincon started in 2006.
  • We also invest actively in the Bay Area and other regions in the US, generally in partnership with a strong local lead who commits to actively support the Company
  • Our typical initial investment in a company is $500k - $1.25mm. We have done as little as $150k as an initial investment.
  • We are pro-syndication, and like to have strong, like-minded investment partners.
  • We are minority investors: founders run their businesses, and we serve in a supporting role to help them be as successful as possible.