Act One Ventures

Act One Ventures stands as a beacon of innovation and inclusivity within the vibrant Los Angeles investment ecosystem. Established with a vision to empower underrepresented founders, the firm has pioneered the concept of the "Diversity Rider." This forwardthinking approach mandates that each investment round includes underrepresented investors, enriching the dynamics of the cap table while fostering diverse perspectives in business ventures. Focusing primarily on the early stages of investment, Act One Ventures operates at the preseed and seed levels, particularly targeting artificial intelligence, software as a service, fintech, and health sectors. Their commitment to these areas reflects a keen understanding of the future landscape of technology and the role emerging businesses play within it. The firm adopts a meticulous strategy, choosing to make approximately seven new investments each year. This calculated approach ensures that they build profound, meaningful relationships with founders, enhancing their potential for success. The firm's track record is impressive, with around 60 percent of its portfolio companies advancing to Series B and C funding rounds. This level of success is not merely coincidence; it is the product of thoughtful partnerships and strategic guidance. In 2024, the firm celebrated a notable triumph with its lead in AuditBoard's $3.15 billion exit, reinforcing its reputation as a leader in the venture capital space. General Partner Alejandro Guerrero passionately champions diversity and innovation not only through investment but also through a dedicated podcast that amplifies conversations around inclusivity in entrepreneurship. Act One Ventures is more than just a financial institution; it is a force for change, committed to nurturing the next wave of business pioneers who will shape the economy of tomorrow. The firm remains steadfast in its mission to create a thriving ecosystem that champions underrepresented voices while investing in the transformative power of technology.