Versatile Venture Capital specializes in companies targeting early profitability. Versatile has built out a suite of no-cost portfolio acceleration services to help its companies succeed, including an exclusive database tracking providers of free money, free consulting, and free acceleration. Versatile is also launching Founders’ Next Move, an invite-only, no-cost community for founders researching their next move. The team has a history of investing in diverse and underrepresented founders. Versatile is an aggressive user of technology internally to manage the firm and make better investments. The firm has particular interest in fintech, edtech, and salestech.
Versatile believes that alternative VC structures are just one of multiple tools which should be in an investor’s toolkit. The firm uses whichever structure best fits a given investment opportunity.
David Teten, Versatile’s founder, was previously a Partner with HOF Capital and ff Venture Capital, two early-stage New York VC firms in New York. He is also a serial fintech entrepreneur with two exits; Founder of HBS Alumni Angels of NY, the largest angel group on the East Coast; and Founder of PEVCTech.com, an online community for investors in private companies who use technology to do their jobs more effectively. He writes periodically at teten.com.
Versatile Venture Capital has four unique advantages: 1) our founder’s 9 years of experience as a VC Partner; 2) our internal technology stack, which includes a semi-automated application & decisioning process; 3) our community for founders in transition, and 4) our flexibility to use “alternative VC” structures, particularly our default structure which allows founders optionality to either raise a traditional VC round after us, or buy us out over time.
Versatile VC’s default terms give founders optionality to raise traditional VC or buy us out, via an automated application process.