The short version is, where you’ve been, where you are, and where you’re going. We want to have an in-depth conversation about your business and its trajectory. 

Part of that is us doing our homework. You should expect us to know your industry, have researched you as a company, and have specific questions about your intended path forward.  

We believe in the importance of hard numbers, and we’re most interested in how that data fits into your processes and your plan for the future.  

Finally, we’re looking for founders who are passionate, knowledgeable, differentiated, and all-in. We want people who live, eat, and breathe their businesses. We love what we do, and we want to see that you love what you do, too. 

Our investment process is grounded in doing the work and understanding your company and its potential.  We get to “Yes” with companies we understand and believe in, which makes us better partners every step of the way. 

Thorough doesn’t mean slow—we understand you have a timeline, too. Every company is different, so every process is different, but we get through these milestones with a sense of purpose: 

First meeting: 

We’ll review any materials, layer in our understanding of your industry and sector, and bring questions that will help us build conviction in your investment. The actual meeting is usually about an hour, with coffee and a snack, and is more conversational than presentational. 

Follow-up: 

If our first meeting goes well, we’ll schedule a follow-up to focus on a few key points of interest, introduce you to more of our team, and give you the opportunity to ask more questions about what a potential partnership might look like. 

Deep dive: 

When we’re interested, we’re interested in knowing the details. This phase is like a collaborative research paper, combining our expertise and your experience to build a better picture of what the future could look like. This is important to us, and hopefully the insights this process produces are helpful for you, too.  

Decision: 

We do the work to build conviction so we can move quickly when we have it. We have a flat structure that doesn’t require endless signoffs, and we like to break good—or bad—news as quickly as we can.   

We don’t have a standard term sheet. We can be creative in our deal-crafting and aren’t prescriptive in our terms. The best deals are the ones that will help the company achieve their goals. 

Our investments range from $250k to $50mm, from pre-seed to pre-IPO. While we focus first on companies raising Seed and Series A Capital, our capital is flexible, which gives us the ability to support our portfolio companies through subsequent rounds and find new opportunities with founders who are further along.  

It comes back to conviction. When we like a company, we naturally want to lead the round, take a seat, and be the most helpful investor at that board table. That’s not always possible, but leading a round is the ultimate expression of our conviction. 

Our major offices are in New York, Seattle, and San Francisco.

Our investments are not bound by geography — we go where the talent and ideas are. To date, that philosophy has led us to investments on five continents. 

Our Operating Partners are dedicated to helping our portfolio companies create real value. Their expertise spans a few key areas that have the ability to move the needle, such as OKRs, GTM, and fundraising.

Usually, our first meeting post-investment is a kickoff with our relevant investment team members, Operating Partners, and the portfolio company. An Operating Partner leads the discussion around goals and objectives to define where we’re going and set our expectations for working together.

Most of our deals are outbound. If you’re doing something groundbreaking in the spaces we cover, odds are we’ll find you (or we found you, and that’s why you’re here.) But if we overlooked you, the best way to get in touch with us is through an introduction. If that’s not in the cards, email us at: ideas@p72.vc.

Point72 Ventures launched in 2016 and is funded by Steven A. Cohen, founder of Point72, and select Point72 employees. Point72 invests primarily in public markets with discretionary equities, macro, and systematic strategies, whereas Point72 Ventures is fully dedicated to venture investing in private companies. In addition to sharing infrastructure and supporting resources, we share a commitment to investing based on deep expertise, promoting innovation, and being a great partner to talent.