Founded in 2006 and headquartered in Palo Alto, California, Floodgate Fund is a prominent venture capital firm known for its focus on early-stage and seed investments. Floodgate positions itself as 'Your First True Believers,' emphasizing their commitment to supporting extraordinary founders during the critical initial stages of their companies' development. The firm operates on the principle of being pattern breakers, aiming to identify and invest in companies that have the potential to disrupt industries and create new market opportunities. With a specialty in identifying and nurturing high-potential startups, Floodgate actively engages with its portfolio companies, providing them with the necessary resources, guidance, and networks to help them scale and succeed. The firm's investment thesis revolves around the belief that a small, concentrated portfolio of high-conviction bets can yield significant returns by focusing on groundbreaking ideas and relentless entrepreneurs. By staying true to this thesis, they have garnered a reputation for backing companies at the pre-seed and seed stages, which can be transformative phases in a company's journey. Floodgate prides itself on their ability to see the future potential in startups and work closely with founders to realize that potential. They operate with a proactive approach to investing, seeking out transformative companies before they become obvious opportunities to the larger market.