Versatile VC

Versatile VC (Versatile Venture Capital) is an early-stage venture capital firm based in New York, founded by David Teten. It bills itself as the first VC focused specifically on 'investment tech,' companies that help investors generate alpha and grow, including alternative data, investment research, administrative and back-office tools, alternatives marketplaces, and marketing technology to help gather assets. Beyond investment tech, the firm has particular interest in fintech, edtech and salestech. Its typical check size ranges from $200,000 to $1,000,000, and it typically participates as a co-investor rather than a lead. A distinguishing feature is its 'alternative VC' or 'flexible VC' structure, which gives founders optionality to either raise a traditional VC round afterward or buy the firm out over time at a fair multiple; the instrument functions similarly to a convertible note with a release valve, letting founders choose between accelerated VC-style growth and organic profitability. Versatile is also an aggressive internal user of technology to manage the firm and make better investments, and it manages AltsTech, a community for family offices, PE funds and VCs using technology and analytics, and Founders' Next Move, a community for founders planning their next move. Founder David Teten was previously a Managing Partner with HOF Capital and a Partner with ff Venture Capital, founder and former chair of HBS Alumni Angels of NY, the largest angel group on the East Coast, and a serial fintech entrepreneur with two exits; he is also a partner with Orange Collective, a fund backed by more than 150 Y Combinator alumni. Versatile VC backs founders building the tools that help investors generate alpha.