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Haystack

San Francisco, California · Invests in US; Europe · Website

Pre-SeedSeedSeries AConsumer Apps & SocialB2B SaaSAI & Machine LearningDeveloper ToolsHealthcare & BiotechLegal TechEnterprise SoftwareDeveloper Tools & InfrastructureAerospace & DefenseHealthcare & Digital HealthLegal & Regtech

Thesis

Exceptional founders create disproportionate outcomes. We identify entrepreneurs pulling the future forward through fundamental innovation and exceptional execution. Rather than chasing sector trends, we partner with high-signal founders solving enduring problems across any category.

Likely not a fit for

Avoid commodity business models without differentiation, teams lacking technical depth or domain expertise, and sectors where we lack conviction to add value.

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$50M
Decision process
Partnership vote

Partners & team

3 contacts on file

SS

Semil Shah

General PartnerFounding General Partner · Primary contact

+ Pitch

s•••@ha•••.vc

LinkedIn profile

X profile

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AS

Aashay Sanghvi

PartnerPartner

+ Pitch

a•••@ha•••.vc

LinkedIn profile

X profile

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DD

Divya Dhulipala

PrincipalPrincipal

+ Pitch

Portfolio

DoorDashEcommerce Marketplaces

DoorDash is an on-demand delivery platform that connects customers with local restaurants, grocery stores, and retailers. It allows users to order food, groceries, alcohol, and convenience items directly from the DoorDash website or app.

InstacartEcommerce Marketplaces

Instacart powers the future of grocery by partnering with retailers to provide customers with access to the food they love, while saving them time.

FigmaEnterprise Software

Figma is a powerful, collaborative design tool for teams that allows users to brainstorm, design, and build products together in real-time.

OpendoorProptech Real Estate

Opendoor provides a platform for homeowners to sell their homes quickly and easily by offering cash offers, allowing them to skip traditional selling processes.

CartaEnterprise Software

Carta provides an end-to-end suite connecting private capital, offering solutions for equity management and fund management, including cap table management, valuations, fund administration, and more.

HashiCorpEnterprise Software

HashiCorp provides a suite of multi-cloud infrastructure automation products that help organizations operate infrastructure in the cloud, enabling innovation and efficiency.

appliedintuition.comRobotics Automation

Applied Intuition is the vehicle intelligence company with the tools, Vehicle OS, and autonomy stacks for creating safe, AI-powered vehicle experiences.

IroncladEnterprise Software

Ironclad is an AI-powered contract lifecycle management software that streamlines the entire contracting process for businesses, providing tools for creating, reviewing, signing, storing, analyzing, and fulfilling contracts.

nTopEnterprise Software

nTop provides computational design software, formerly known as nTopology, which focuses on advanced design and engineering solutions.

AstranisAerospace Defense

Astranis builds the world's most advanced satellites for high orbits, focusing on dedicated satellite broadband and supporting government science, PNT, and communications missions.

RedpandaEnterprise Software

Redpanda provides an agent-first data infrastructure that allows for continuous data ingestion, processing, and storage, designed for enterprise AI applications. It is a powerful alternative to Apache Kafka, optimized for performance and efficiency.

NominalEnterprise Software

Nominal provides a unified industrial data stack and AI automation platform for hardware engineering and finance, enabling real-time data analysis, collaboration, and automated workflows.

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Research briefRead more
Haystack Ventures Research Investment Thesis Haystack Ventures backs outlier founders at the earliest stages of company formation. Founded in 2013 by Semil Shah, the firm believes that exceptional entrepreneurs drive disproportionate outcomes and operates with a systematic approach to identifying high-signal founders across geographies and business categories. Rather than pursuing rigid sector the

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