Openai Startup Fund Management, LLC
Institutional venture firm, based in San Francisco, California, reporting $4.3B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
14 additional co-investors and affiliates, 1 additional investment, fund or LP, 8 events, 2 verified contacts (2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 28 Aug 2026 ($550M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 dealswith Andreessen Horowitz
Invests most often alongside Andreessen Horowitz (2 shared deals).
pair last observed on record 25 Mar 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Manager Of Openai Startup Fund Management, LlcWhy: Named with investment responsibilityNo route on file yet
Relationship network
23 connected entities2 observed rounds1 repeat counterpartyrounds 2025 to 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Openai Startup Fund Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Openai Startup Fund Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
2 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Harvey | Funding round | participant | unknown | unknown | unknown | Mar 25, 2026 | Fact Press release |
| Adaptive Security | Series B · Series B | participant | unknown | $81.0M | unknown | Dec 16, 2025 | Fact Press release |
Stated thesis versus observed behaviour
- 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
Team
1 current, 3 departed
Decision makers
- Ian Clay Reid Hathaway · Manager Of Openai Startup Fund Management, LlcWhy this person: Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Manager Of Openai Startup Fund Management, Llc
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
Contacts
2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| OpenAI Startup Fund SPV V, L.P. | SPV or co-invest vehicle | 2024 form d first sale | Newly closed | $411M Mar 13, 2026 | 4 | $44.3M of $44.3M | Dec 6, 2024 |
| Openai Startup Fund Spv I, L.P. | SPV or co-invest vehicle | 2024 form d first sale | Early deployment | $75.5M Mar 13, 2026 | 3 | $10.0M of $10.0M | Feb 2, 2024 |
| Openai Startup Fund Management, LLC | Fund | 2021 form d first sale | Mature | unknown | unknown | $175M of $175M | May 24, 2023 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
17 co-investors · on 1 other DFX graph
Co-investors
- 2026-03-252 shared deals · recurring
- 2026-03-251 shared deal · one time
- 2026-03-251 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Openai Startup Fund Management, LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
13 dated events, 73 observations from 5 sources
Timeline
- Mar 13, 2026Openai Startup Fund Spv III, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $17,407,699
- Mar 13, 2026Openai Startup Fund Spv IV, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $310,709,614
- Mar 13, 2026Openai Startup Fund Spv V, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $411,011,244
- Mar 13, 2026Openai Startup Fund Spv VI, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $61,200,382
- Mar 13, 2026Openai Startup Fund Spv II, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $137,834,750
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 13, 2026 · 7 private fundsShowHide
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $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.), owns 75% or more
Classification history
Classification history
Every classification this record has carried4 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $4.3B across 4 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $335M across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $335M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $335M across 2 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | May 2, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 2, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-12-20 | Mar 13, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-12-20 | May 2, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-13 | Mar 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-13 | Mar 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-02 | May 2, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 13, 2026 | Fact | Form ADV |
| SEC status effective | 2021-12-20 | Mar 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 2, 2024 | Fact | Form ADV |
| Business phone | Mar 13, 2026 | Fact | Form ADV | |
| Business phone | May 2, 2024 | Fact | Form ADV | |
| Entity type | Limited Partnership | May 24, 2023 | Fact | Form D |
| Form D fund type | Venture Capital Fund | May 24, 2023 | Fact | Form D |
| Form D industry group | Pooled Investment Fund | May 24, 2023 | Fact | Form D |
| Amendment | true | May 24, 2023 | Fact | Form D |
| Revenue range (Form D) | Not Applicable | May 24, 2023 | Fact | Form D |
| Headquarters | San Francisco, CA | Mar 13, 2026 | Fact | Form ADV |
| Headquarters | San Francisco, CA | May 2, 2024 | Fact | Form ADV |
| Incorporated | withinFiveYears | May 24, 2023 | Fact | Form D |
| Jurisdiction | Delaware | May 24, 2023 | Fact | Form D |
| Amount sold (Form D) | 175,250,000 | May 24, 2023 | Fact | Form D |
| Offering amount (Form D) | 175,250,000 | May 24, 2023 | Fact | Form D |
| Exemptions | 06c, 3C, 3C.7 | May 24, 2023 | Fact | Form D |
| First sale | 2021-10-29 | May 24, 2023 | Fact | Form D |
| Investors (Form D) | 14 | May 24, 2023 | Fact | Form D |
| Minimum investment (Form D) | 0 | May 24, 2023 | Fact | Form D |
| Securities offered | pooled | May 24, 2023 | Fact | Form D |
| Office address | Mar 13, 2026 | Fact | Form ADV | |
| Office address | May 2, 2024 | Fact | Form ADV | |
| Office address | May 24, 2023 | Fact | Form D | |
| Legal form | Limited Liability Company | Mar 13, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | May 2, 2024 | Fact | Form ADV |
| Private funds reported | 7 | Mar 13, 2026 | Fact | Form ADV |
| Private funds reported | 7 | Mar 13, 2026 | Fact | Form ADV |
| Private funds reported | 2 | May 2, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.8B | Mar 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.8B | Mar 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $335M | May 2, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 13, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 13, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 13, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | May 2, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 13, 2026 | Fact | Form ADV | |
| Website | May 2, 2024 | Fact | Form ADV | |
| Site title | Sep 22, 2026 | Fact | ||
| Site title | Sep 21, 2026 | Fact | ||
| Site title | Sep 20, 2026 | Fact | ||
| Site title | Sep 19, 2026 | Fact | ||
| Site title | Sep 18, 2026 | Fact | ||
| Site title | Sep 17, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact | ||
| Year of incorporation | 2021 | May 24, 2023 | Fact | Form D |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $4.3B across 4 vehicles
- importance
- gav: 0.8 · funds: 0.33 · people: 0.08 · investments: 0.11 · co investors: 0.5
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-03-25
- emerging manager
- fund count: 4 · reported gav: $4.3B · first adv filing: 2021-12-20 · years since first filing: 4.8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 39.9confidence 90%Why: stage fit; activity; cap table
- score 39.9confidence 90%Why: stage fit; activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Merged in2026-09-13
- Form D filed2023-05-24source on record
- Adviser's first ADV filing2021-12-20source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.