Partnering with Matrix
What We Look For
As an entrepreneur, I called Matrix because I heard it was the best. I asked to speak to at least one CEO who had not been in good shape. I wanted to understand how Matrix approaches challenges. It is easy to be a cheerleader when things are going well, but not so easy when things are tough. Matrix stands by its entrepreneurs for the long term. That is what makes a great VC.
David Skok, General Partner, Matrix Partners
First and foremost, we look for outstanding entrepreneurs-whether this is their fifth start-up or their first. We have a long history of working with first-time entrepreneurs and have partnered with dozens of founders when they were still in the concept stage. We care more about your intellect, track record and potential than your PowerPoint skills. We seek to invest in companies that are capital efficient, can scale rapidly and are early movers.
When to Reach Out to Us
We like to get to know entrepreneurs early, ideally before they are ready to raise capital. We are also happy to meet with you when you are fundraising. The best way to get in touch with our team is through an introduction from someone you know in our network.
How and When We Invest
We prefer to be the first institutional investor in a company and the largest non-management shareholder. Our initial investment is generally between $2 million and $10 million. We occasionally make seed-stage and later-stage investments. We typically make follow-on investments over the life of a company, depending on its needs.