Proof

Proof, which stands for Pro-Rata Opportunity Fund, is a venture capital investment firm that deploys strategic capital alongside a curated network of early-stage venture capital partners to capture high-growth investment opportunities in their best-performing portfolio companies. The firm addresses a critical challenge faced by seed and early-stage... venture capital firms: as these firms invest across broad portfolios, they frequently exhaust their capital reserves and are forced to surrender pro-rata rightsthe ability to maintain ownership stakes and board influencein their most successful companies during subsequent funding rounds. Proof enables its network of venture capital partners to preserve their board seats, maintain their positions on cap tables, and optimize returns in rapidly scaling companies by providing access to pro-rata investment opportunities that would otherwise be unavailable. Unlike traditional captive opportunity funds limited to a single firm's portfolio, Proof has assembled a network of approximately 30 seed and early-stage venture capital firms managing more than 1,500 active investments across their combined portfolios. The firm's partner network is primarily concentrated in California, with significant representation in New York City, Boston, Washington DC, Atlanta, and Seattle. Proof's partner firms have collectively invested in a roster of marquee companies including Uber, Nest, Google, Zappos, Bonobos, Moda Operandi, Warby Parker, Trulia, and Ancestry.com, among numerous other high-performing enterprises. The firm's leadership team brings substantial venture capital experience, having previously served as co-founders of early-stage venture capital firms that collectively raised over $1 billion in capital and deployed investments across more than 200 companies. Proof introduced its first opportunity fund in 2004, establishing itself as an early pioneer in the opportunity fund space and demonstrating a track record of outperforming market benchmarks while providing limited partners ...Read More