Craft Ventures

Craft Ventures is a San Francisco-based venture capital firm co-founded in 2017 by David Sacks, who served as founding COO of PayPal and later founded Yammer, the enterprise social network acquired by Microsoft for $1.2 billion, and Bill Lee. Craft manages more than $3.5 billion in assets under management across four early-stage venture funds and two growth funds, with more than 326 portfolio investments. The firm focuses primarily on B2B SaaS companies and marketplace businesses, where David Sacks' background as the pioneer of bottom-up, product-led enterprise software growth at Yammer provides an unusually operational lens. David Sacks served as White House AI and Crypto Czar from January 2025 to March 2026, stepping down to return full-time to Craft. Note: the original directory lists SpaceX, Yammer, Uber, and Bird as portfolio companies. SpaceX and Bird are confirmed Craft Ventures portfolio companies; Yammer was David Sacks' own company; Uber was a personal angel investment that Sacks made before founding Craft. Beyond its original listed investments, confirmed Craft portfolio companies include Bird, Reddit, ClickUp, Addepar, BitGo, Neuralink, Pipe, Sourcegraph, Affirm, and SpaceX.