DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Rule 1 Management LLC
Rule 1 Management LLC
venture manager, reported GAV $24.9M across 1 vehicles
Importance
18
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- Atlanta, GAadviserinfo.sec.gov
- Office address
- 3490 PIEDMONT ROAD NE, SUITE 1350, Atlanta, GA, 30305adviserinfo.sec.gov
- Business phone
- 646-688-5172adviserinfo.sec.gov
- Website
- https://r1vs.com/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 27, 2024
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $24.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 646-688-5172adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
8 observed deals
Stated (the firm’s website)
- Sectors
- space, defense
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 8
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Rule 1 Ventures Fund LP | Fund | 2021 form d first sale | Mature | $24.9M Mar 27, 2024 | 24 | $750,000 of $25.0M | Apr 20, 2021 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
13 current, 1 departed
Gilman Louie
Founder or executiveCo-founder, CEO & President of In-Q-Tel
Jim Trowhill
Founder or executiveCEO of JTEC Consulting
Kevin Hulbert
Founder or executiveMultiple tours as CIA Chief of Station, President's Intelligence Advisory Board Member.
Adm. Sandy Winnefeld
General partnerGeneral Partner
Gary Buxton
General partnerGeneral Partner
Todd Ehrlich
General partnerGeneral Partner
Will Harbin
General partnerGeneral Partner
Gary Lee Buston
PartnerMember · since Jan 1, 2021
Hon. Mike Garcia
PartnerFormer Member US House — CA
Ryan Alan Franco
PartnerMember · since Dec 1, 2022
Ryan Daniel Jumonville
PartnerMember · since Dec 1, 2022
Todd Patrick Ehrlich
PartnerMember · since Jan 1, 2021
Navy Seal
Platform and operationsFormer Commander of Naval Special Warfare Development Group, Special Operations Command, Naval Special Warfare Command.
1 departed (kept with end dates)
- Adm. Wyman Howard · Former Commander of Naval Special Warfare Development Group, Special Operations Command, Naval Special Warfare Command. · ? to Sep 16, 2026 Inference
Investments on record
8 edges, 8 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
5 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
5 dated events
- Sep 16, 2026Adm. Wyman Howard (Former Commander of Naval Special Warfare Development Group, Special Operations Command, Naval Special Warfare Command.) no longer on the team page of Rule 1 Management LLCPerson leftPeopleInferenceAdm. Wyman HowardVenture organization websites (about, team, portfolio, thesis, news pages)
- Dec 1, 2022Ryan Alan Franco joined Schedule A of Rule 1 Management LLC as Member
- Dec 1, 2022Ryan Daniel Jumonville joined Schedule A of Rule 1 Management LLC as Member
- Aug 11, 2022Rule 1 Management LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 11, 2022Rule 1 Ventures Fund LP first reported on Form ADV by Rule 1 Management LLC (Venture Capital Fund), GAV $18,339,788Fund first reported on Form ADVFundsFactRule 1 Ventures Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $24.9M across 1 vehicles
Evidence
27 observations from 2 sources