Special DispatchSan Francisco, CADecember 2025

THE TVG TIMES

Trek Dispatch — San Francisco Edition

San Francisco

The pilgrimage to the Mecca of technology. From Sand Hill Road to SoMa, meeting the architects of the AI revolution.

Ten firms and startups across three days. TVG members met with partners at Sequoia Capital and Vista Equity Partners, toured offices at Tavus and Delphi, and spent time with the teams at Gradient Ventures, Entrepreneurs First, Antler, Heavybit, and Transpose. Between meetings, the group explored the Presidio, crossed the Golden Gate Bridge, and shared meals across the city.

Dispatch Facts

Duration3 Days

Firms Visited10

Combined AUM$186B+

WhenDec 16–18, 2025

The Itinerary

Day 01 — Dec 16

1:30 PMvisit

Crusoe - Finance + Product Session

225 Bush St

2:30 PMvisit

Tavus - Office Tour + CEO Chat

35 Stillman St

4:15 PMvisit

Entrepreneurs First

501 Folsom St

5:30 PMsocial

Group Dinner

Sushi Sato

Day 02 — Dec 17

10:00 AMvisit

Vista Equity Partners

4 Embarcadero Center

11:45 AMvisit

Sequoia Capital - Partner Chat

298 Alabama Street

1:00 PMvisit

Mira - Lunch + Co-Founder Chat

85 5th St

2:30 PMsocial

Golden Gate Bridge / Presidio Explore

Presidio

4:30 PMvisit

Delphi - Office Tour

850 Montgomery

Day 03 — Dec 18

9:45 AMvisit

Transpose & Heavybit

27 South Park St

11:30 AMvisit

Gradient Ventures

560 Davis St

1:30 PMvisit

Antler - Director Chat

144 Townsend St

Firms & Startups Met

Sequoia Capital

Venture Capital

Founded 1972. Backed Apple, Google, YouTube, Instagram, Airbnb. One of the most influential VC firms globally.

Seed to IPO· $85B+ AUM

Vista Equity Partners

Private Equity

Founded 2000. Exclusively focused on enterprise software, data, and technology-enabled businesses.

Enterprise Software· $100B+ AUM

Gradient Ventures

Venture Capital

Founded 2017 (Google VC spinout). Early-stage focus exclusively on AI startups.

AI / ML· Undisclosed AUM

Entrepreneurs First

Talent Investor

Founded 2011. Backs individuals pre-team and pre-idea. Industrializes founder creation globally.

Pre-Seed· $500M+ AUM

Tavus

AI Startup

Founded 2021. Building real-time multimodal AI humans. $18M Series A (2024).

AI Video· $18M Raised

Mira

AI Hardware

AI-powered smart glasses acting as a "second brain." $6.6M seed led by General Catalyst.

Wearables· $6.6M Raised

Delphi

AI Startup

AI-powered "digital minds" that capture how a person thinks, speaks, and reasons.

AI Clones· $16M Raised

Antler

Venture Builder

Global Day Zero backer operating 30+ cities. Runs residency programs for co-founder matching.

Pre-Seed· $1B+ AUM

Heavybit

Venture Capital

Specializes in developer-first and infrastructure software. Portfolio: PagerDuty, CircleCI.

DevTools· $100M+ AUM

Transpose

Venture Capital

Formation-stage firm backing founders and emerging managers from Day 0.

Formation Stage

Photo Record

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