Stateless Ventures

Stateless Ventures is a full-stack venture firm with offices in San Francisco, New York, and Puerto Rico. It invests across the startup life cycle, from pre-seed, seed, and Series A through late-stage growth rounds, with a primary focus on the intersection of AI, crypto, and web3. Its strategies include liquid open-market investments, venture, and opportunistic SPVs. The team invests its own capital alongside its limited partners and has deployed over $150 million. Portfolio companies include Anthropic, xAI, Perplexity, Maker, and Inference Labs. The firm looks for startups with highly asymmetric risk-reward, often good ideas that start out looking like bad ones. As ex-founders, the team partners with founders from the earliest stage and invests in protocols building a stateless future.