Mark Phillips
Primarily US (non-traditional tech hubs); occasional exceptions (e.g., Austria); Chicago HQ
$1,000,000 - $1,500,000
11 Tribes Ventures is 'the firm where capital & care converge' -- a founder-first fund built on the conviction that healthy, resilient founders produce healthy returns, explicitly rejecting growth-at-all-costs in favor of capital-efficient, sustainable businesses. It writes $1M-$1.5M checks at Seed through Series A, typically at $10M-$20M post-money valuations for companies with $500K-$2M ARR, underwriting to 10X liquidity and targeting strategic exits in the $75M-$300M range. Its Handshake Agreement commits real support across Talent & Culture, Financial Discipline, and Founder Resilience, including non-dilutive capital (~2% of each investment) for coaching and founder development. For founder matching, 11 Tribes is strongest for revenue-generating, capital-efficient founders in SaaS, fintech, healthtech, and AI -- humble, hungry, smart, with real founder-market fit -- who value wellbeing-oriented partnership over blitzscaling; pre-revenue or unicorn-or-bust profiles are a weak fit.
