Anti Fund Research
Investment Thesis
Anti Fund is built on two foundational axioms: "the future is forged at the intersection of tech and culture" and "the best founders are 'anti' by definition, as their companies must be highly disruptive to the status quo."
The fund's core belief is that startups live and die on two levers: capital and attention. While capital is a commodity available to most venture firms, attention is scarce and valuable. Anti Fund positions itself as a venture firm that uniquely wields attention and cultural relevance to source top founders and accelerate portfolio company growth. They seek founders who are rebels by nature—those who challenge incumbents, break traditional paradigms, and bet on themselves regardless of odds. The firm believes that companies that boldly challenge incumbents and break traditional paradigms generate the best venture returns.
Sector and Technology Focus
Anti Fund concentrates its investments in three primary areas:
Artificial Intelligence & Machine Learning: The fund has strong conviction in AI/ML applications across multiple verticals, evidenced by major positions in OpenAI (Growth stage) and AI-focused companies like Cognition (applied AI lab for software agents), Cluely (AI desktop assistant), and Natural (payments for AI agents).
Robotics & Automation: Physical Intelligence (seed-stage company bringing general-purpose AI into the physical world) and other automation-focused companies represent this focus area. The fund sees robotics/automation as a frontier technology that will reshape multiple industries.
Software & High-Growth Consumer: Anti Fund invests in SaaS, developer tools, and consumer companies with differentiated technology and/or distribution advantages. Portfolio companies like Ramp (corporate cards), Archive (creator marketing AI), and consumer apps reflect this broader software focus.
The fund explicitly states interest in companies with "differentiated technology and/or distribution advantages," recognizing that product innovation alone is insufficient without go-to-market differentiation.
Stage and Check Size
Stage Focus: Pre-seed, seed, and select growth-stage ventures
- Primary focus on pre-seed and seed stages where the fund can support inflection and maximize upside participation
- Selective about growth/pre-IPO rounds; would consider if 10x+ return profile exists
- 21+ documented investments demonstrate consistent deployment
Check Size (Extreme Barbell Strategy):
- First checks: $100K-$500K for 10% ownership in technical founders
- Growth investments: $10M+ for industry leaders and portfolio company follow-ons
- Flexible sizing; occasionally writes checks as large as $3M+
- Comfortable both leading and participating in rounds
Lead Tendency
Anti Fund actively leads rounds while remaining flexible. Their portfolio shows evidence of leading pre-seed and seed rounds (Physical Intelligence, Cognition at Series B) while also participating in larger financings (Ramp Series E, Chronosphere exit). The firm states they are "comfortable both leading and participating," indicating a pragmatic approach focused on opportunity quality rather than deal structure.
Recent Activity (2025-2026)
Anti Fund has been actively deploying from Fund I ($30M closed December 3, 2025, oversubscribed):
- January 2026: WithCoverage (risk management software)
- November 2025: Ramp (Series E), Etched (Transformer ASICs, Series B)
- October-December 2025: Modal (AI infrastructure, Series B), Lighter (ZK infrastructure, Series B), Natural (AI agent payments, Seed), Cluely (AI desktop assistant, Seed), Interaction (Seed), and continued support for OpenAI (Growth stage)
- 2024: Cognition (Series B), Physical Intelligence (Seed), Kela Systems (Series A), Archive (Series A)
Fund Status: Actively deploying Fund I ($30M vehicle). Fund I is fully deployed with $65M+ total AUM. Not currently raising, but interested in future fund commitments (contact [email protected]).
Portfolio Highlights
Unicorns & Major Exits:
- OpenAI (Growth stage, 2025) - AGI research company, most successful recent exit in AI
- Anduril (Series E, 2022) - Defense technology, valued at unicorn status
- Ramp (Series E) - Corporate cards, Y Combinator alumni
- Chronosphere (acquired by Palo Alto Networks, 2025) - Observability platform
- Flock Safety/Aerodome (acquired, 2023) - Law enforcement drones
Active Portfolio (20+ companies): Cognition, Physical Intelligence, Modal, Etched, Lighter, Polymarket, Kela Systems, Archive, WithCoverage, Cluely, Interaction, Natural, Merge (brain-computer interface), and others.
The portfolio demonstrates conviction across early-stage bets (Pre-seed/Seed) with selective growth-stage follow-ons. Multiple companies represent frontier technologies (AI agents, robotics, ZK infrastructure, BCIs), aligning with stated focus on disruption.
Team
Anti Fund operates with a lean partnership structure of three general partners:
Geoffrey Woo (Co-founder, General Partner)
- Serial entrepreneur and venture capitalist
- CS degree with Honors and Distinction from Stanford
- Co-author of multiple US Patents and peer-reviewed science papers
- Founded Ketone-IQ (performance supplement company) and Archive (creator marketing AI)
- Deep technical background in infrastructure and product development
Jake Paul (Co-founder, General Partner)
- Professional boxer and global superstar
- Serial entrepreneur with multiple ventures
- Founded Prime (fastest-growing beverage brand in history), Lunchly, Most Valuable Promotions, and Betr (sports app)
- Hosts Impaulsive, one of the largest podcasts globally (26M+ Instagram, 23M+ YouTube followers)
- Brings cultural relevance and founder network spanning entertainment/sports/entrepreneurship
Logan Paul (General Partner, added December 2025)
- Professional wrestler and global superstar
- Serial entrepreneur and founder
- Co-founded Prime (beverage brand) and Lunchly with Jake Paul
- Significant social media following
- Represents expansion of cultural/entertainment network
Steve Han (Partner)
- Previously at March Capital ($1.6B+ AUM venture/growth)
- Deutsche Bank experience advising tech buyouts
- Born in Korea, raised across India and China; dual degrees from UC Berkeley
- Served in ROK Army as Secretary to Commanding General, 17th Infantry Division
- Brings institutional investment experience and global perspective
Decision Process & Involvement
Anti Fund operates as a partnership with collaborative decision-making:
- Partners are "a phone call or text away" for product, go-to-market, and strategy
- Founders drive the company; VCs add relationships and buyer access
- Deep engagement through product, go-to-market, fundraising, board dynamics, and M&A
- Work with best investors to help close rounds
- Strategic advisory approach with pitch prep, intros, and negotiations
Founder Preferences
Anti Fund seeks ambitious, fearless founders with:
- Unique view or angle on their market
- Disruptive mindset challenging incumbents
- Technical capability and strong product sense
- Alignment with "anti" ethos of boundary-breaking
- Willingness to bet on themselves regardless of odds
Geographic Focus
- Primary: Miami (headquarters), San Francisco Bay Area
- Secondary: New York, Seattle, major tech hubs
- International: Selective opportunities in Israel and tech ecosystems
Flexible geographic requirements, though portfolio concentration skews US-based with strong online/cultural presence.
Unique Differentiation
Cultural Capital at Scale: Jake Paul and Logan Paul bring significant cultural attention (Jake Paul: one of most-Googled athletes in 2024, Logan Paul: 26M+ Instagram followers). This enables portfolio companies to recruit talent and win customers.
Intersection of Tech & Culture: Explicitly positions at frontier technology and cultural relevance intersection.
Founder-First Engagement: Trusted confidant and strategic partner, not transactional.
Extreme Barbell Strategy: Massive upside capture ($10M+ growth checks) with high-volume sourcing ($100-500K first checks).
Conviction in Disruption: Portfolio heavily skews frontier technologies where Anti Fund backs contrarian bets.
Summary
Anti Fund is a Miami-based venture firm at the intersection of frontier technology and cultural relevance. With $65M+ AUM and Fund I fully deployed, the firm combines technical rigor (Geoffrey Woo's Stanford CS background), operational expertise (multiple serial entrepreneurs), and cultural capital (Jake Paul and Logan Paul) to source and support disruptive founders. The portfolio demonstrates execution: OpenAI (AI), Anduril (defense), Physical Intelligence (robotics), and 20+ companies across pre-seed through growth. Anti Fund validated market demand through an oversubscribed Fund I with institutional (Aquarian Holdings, Autilus Partners) and individual LPs (Marc Andreessen, Chris Dixon).