Profile
Picks & Shovels is an operator-led venture capital firm based in Santa Monica, California, founded by Schlisserman, a former Chief of Staff at Series. The firm specializes in investing in pre-seed and seed stage startups that provide tools and infrastructure, particularly in the fintech and crypto sectors. With a focus on operational guidance, the team leverages its deep industry experience to support the growth of its portfolio companies.
The firm primarily targets investments in sectors such as Web3, AI, fintech, and developer tools, offering initial check sizes of up to $100K. Picks & Shovels operates with a venture capital strategy, managing funds like Picks & Shovels Fund II, which closed in 2023. The firm is backed by limited partners such as Zenda Capital and focuses its investments within the United States.
Notable investments by Picks & Shovels include startups that have made significant advancements in their fields, although specific company names were not disclosed in the available sources.
Industry
Picks & Shovels Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Picks & Shovels Fund II
|
Venture Capital (VC)
|
Business Services (B2B)
Infrastructure
|
Pre-seed
Seed
|
North America
|
$1-5 m
|
—
|
January 2023
|
Contacts
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