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 / Openai Startup Fund Management, LLC
Openai Startup Fund Management, LLC
venture manager, reported GAV $335M across 4 vehicles
Importance
24
moderate
Active deployment
33
moderate
Emerging
0
low
Completeness
56
elevated
Freshness
100
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 1455 3RD STREET, San Francisco, CA, 94158adviserinfo.sec.gov
- Business phone
- 408-891-9515adviserinfo.sec.gov
- Website
- http://openaistartupfund.com
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 13, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $4.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Openai Startup Fund GP I, L.L.C. (Managing Member Of Openai Startup Fund Spv Gp I, L.L.C.), E
- business phone
- (800) 217-3145adviserinfo.sec.govpublished by the subject
- business phone
- 408-891-9515adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Openai Startup Fund Spv I, L.P. | SPV or co-invest vehicle | 2024 form d first sale | Early deployment | $10.0M May 2, 2024 | 3 | $10.0M of $10.0M | Feb 2, 2024 |
| OpenAI Startup Fund SPV V, L.P. | SPV or co-invest vehicle | 2024 form d first sale | Newly closed | unknown | unknown | $44.3M of $44.3M | Dec 6, 2024 |
| Openai Startup Fund Management, LLC | Fund | 2021 form d first sale | Mature | unknown | unknown | $175M of $175M | May 24, 2023 |
| Openai Startup Fund I, L.P. | Fund | unknown | Unknown | $325M May 2, 2024 | 19 | unknown | unknown |
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
1 current, 3 departed
IAN Clay Reid Hathaway
PartnerMember And Manager · since Mar 1, 2024
3 departed (kept with end dates)
- SAM Altman · Member & Manager · Jul 1, 2021 to Mar 29, 2024 Inference
- Bradford Colton Lightcap · Member & Cfo · Jul 1, 2021 to Mar 29, 2024 Inference
- Jason Hyuk-Joong Kwon · Member & General Counsel · Jul 1, 2021 to Mar 29, 2024 Inference
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Harvey | Funding round | participant | unknown | $11B | unknown | Mar 25, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Adaptive Security | Series B · Series B | participant | unknown | $81.0M | unknown | Dec 16, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“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
17 relationships from shared deals, counted for the whole firm
Andreessen Horowitz 2 shared · recurringGV 1 shared · one timeConviction Partners, LLC 1 shared · one timeCoatue Management, L.L.C. 1 shared · one timeGIC 1 shared · one timeKleiner Perkins 1 shared · one timeEQT 1 shared · one timeElad Gil 1 shared · one timeEvantic Capital, LLC 1 shared · one timeSequoia Capital 1 shared · one timeNVentures 1 shared · one timeAbstract Ventures 1 shared · one timeCapital One Ventures 1 shared · one timeBain Capital 1 shared · one time · they led 1OpenAI 1 shared · one timeNVIDIA 1 shared · one timeBCV 1 shared · one time
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
8 dated events
- Mar 29, 2024Bradford Colton Lightcap (Member & Cfo) no longer on Schedule A of Openai Startup Fund Management, LLC
- Mar 29, 2024Openai Startup Fund Spv I, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $10,000,000Fund first reported on Form ADVFundsFactOpenai Startup Fund Spv I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Jason Hyuk-Joong Kwon (Member & General Counsel) no longer on Schedule A of Openai Startup Fund Management, LLC
- Mar 29, 2024SAM Altman (Member & Manager) no longer on Schedule A of Openai Startup Fund Management, LLC
- Mar 1, 2024IAN Clay Reid Hathaway joined Schedule A of Openai Startup Fund Management, LLC as Member And Manager
- May 24, 2023OpenAI Startup Fund I, L.P. filed Form D/A: $175,250,000 sold of $175,250,000, Venture Capital Fund
- Dec 20, 2021Openai Startup Fund I, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund)Fund first reported on Form ADVFundsFactOpenai Startup Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 20, 2021Openai Startup Fund 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)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $335M across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $335M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $335M across 2 vehicles
Evidence
54 observations from 4 sources