# VC · TrustBand

Which funds sit behind the hottest jobs. Ranked by overlap with our ledger, then AUM. You cannot buy this number.

HTML: https://trustband.app/vc
Today: Y Combinator vs Andreessen Horowitz — https://trustband.app/vc/desk

Associate (market, not a tick): typical $165k · $142k–$180k. Market reports, 2026. Not a work-email tick. Carry is the product after partner.

## 1. Y Combinator · 97

Not a fund in the AUM sense. The densest book we index.
Impact/$: 24.0×
Founder-GP: Paul Graham (Viaweb)
Friendly: keep
S-tier: Airbnb, Stripe, Coinbase, Dropbox, Instacart, Reddit
Check: $0.5–0.5M · Help: 86
https://trustband.app/vc/yc.md
On our ledger: Airbnb, Stripe, Coinbase, Notion, Figma, Rippling, Ramp, Linear, Vercel

## 2. Andreessen Horowitz · 93

The machine. AI, crypto, apps. The name still clears a room.
Impact/$: 2.8×
Founder-GP: Marc Andreessen (Netscape), Ben Horowitz (Opsware)
Friendly: keep
S-tier: OpenAI, Coinbase, GitHub, Instagram, Wiz
Check: $1–30M · Help: 78
AUM ~$106B. https://trustband.app/vc/a16z.md
On our ledger: OpenAI, Coinbase, GitHub, Databricks, Stripe

## 3. Sequoia Capital · 91

The compounder. Outcomes over AUM. Still the default first call.
Impact/$: 3.1×
Founder-GP: Jess Lee (Polyvore)
Friendly: keep
S-tier: Apple, Stripe, Airbnb, WhatsApp, Zoom, OpenAI
Check: $1–30M · Help: 80
AUM ~$82B. https://trustband.app/vc/sequoia.md
On our ledger: Apple, Stripe, Airbnb, OpenAI

## 4. Founders Fund · 89

Contrarian metal. SpaceX, Palantir, Anduril. The book is the brand.
Impact/$: 3.6×
Founder-GP: Peter Thiel (PayPal)
Friendly: keep
S-tier: SpaceX, Palantir, Stripe, Anduril, Facebook
Check: $5–50M · Help: 76
AUM ~$59B. https://trustband.app/vc/founders-fund.md
On our ledger: SpaceX, Palantir, Stripe, Anduril, OpenAI

## 5. Greylock · 59

Reid built LinkedIn. The partnership still sits on that tape.
Impact/$: 9.5×
Founder-GP: Reid Hoffman (LinkedIn)
Friendly: keep
S-tier: LinkedIn, Airbnb, Discord, Facebook
Check: $5–25M · Help: 74
https://trustband.app/vc/greylock.md
On our ledger: LinkedIn, Airbnb, Discord

## 6. 8VC · 58

Lonsdale built Palantir. Founder-GP is the firm.
Impact/$: 9.9×
Founder-GP: Joe Lonsdale (Palantir)
Friendly: keep
S-tier: Palantir, Anduril
Check: $3–25M · Help: 73
https://trustband.app/vc/8vc.md
On our ledger: Palantir, Anduril

## 7. General Catalyst · 57

Health + fintech + applied AI. East coast gravity, west coast book.
Impact/$: 2.1×
Founder-GP: David Fialkow (National Leisure Group), Joel Cutler (National Leisure Group)
Friendly: keep
S-tier: Airbnb, Stripe, Snap
Check: $5–40M · Help: 66
AUM ~$43B. https://trustband.app/vc/general-catalyst.md
On our ledger: Airbnb, Stripe, Anthropic

## 8. Khosla Ventures · 55

Deep tech and OpenAI. Vinod still sits on the Midas tape.
Impact/$: 3.8×
Founder-GP: Vinod Khosla (Sun Microsystems)
Friendly: keep
S-tier: OpenAI, DoorDash, Affirm
Check: $1–25M · Help: 88
AUM ~$22B. https://trustband.app/vc/khosla.md
On our ledger: OpenAI

## 9. First Round · 49

Seed help as a product. Kopelman built Half.com.
Impact/$: 10.7×
Founder-GP: Josh Kopelman (Half.com)
Friendly: keep
S-tier: Uber, Notion
Check: $1–5M · Help: 80
https://trustband.app/vc/first-round.md
On our ledger: Uber, Notion

## 10. Initialized · 47

Ohanian built Reddit. Seed, then YC stole Garry.
Impact/$: 14.0×
Founder-GP: Alexis Ohanian (Reddit)
Friendly: keep
S-tier: Coinbase, Instacart
Check: $0.5–3M · Help: 74
https://trustband.app/vc/initialized.md
On our ledger: Coinbase

## 11. SV Angel · 41

Conway. The densest seed tape after YC.
Impact/$: 24.0×
Founder-GP: none — discounted
Friendly: keep
S-tier: Airbnb, Stripe, Coinbase, Twitter
Check: $0.2–1M · Help: 80
https://trustband.app/vc/sv-angel.md
On our ledger: Airbnb, Stripe, Coinbase

## 12. Benchmark · 39

Small partnership. Outsized outcomes. AUM is not the product.
Impact/$: 11.7×
Founder-GP: Eric Vishria (Rockmelt)
Friendly: ICK. Canned Travis Kalanick at Uber
S-tier: Uber, Twitter, Instagram, Cerebras
Check: $5–15M · Help: 62
https://trustband.app/vc/benchmark.md
On our ledger: Uber, Figma

## 13. Craft Ventures · 38

Sacks built Yammer. PayPal mafia still writing seed.
Impact/$: 5.3×
Founder-GP: David Sacks (Yammer)
Friendly: keep
S-tier: Rippling
Check: $1–8M · Help: 70
AUM ~$2B. https://trustband.app/vc/craft.md
On our ledger: Rippling

## 14. DST Global · 37

Milner. Facebook, then the rest of the consumer tape.
Impact/$: 4.4×
Founder-GP: none — discounted
Friendly: keep
S-tier: Facebook, Airbnb, Spotify, Alibaba
Check: $20–200M · Help: 48
https://trustband.app/vc/dst.md
On our ledger: Spotify, Airbnb

## 15. Accel · 36

Outcomes over AUM. Slack, CrowdStrike, Facebook. PitchBook NA #1.
Impact/$: 3.9×
Founder-GP: none — discounted
Friendly: keep
S-tier: Facebook, Slack, CrowdStrike, Dropbox
Check: $2–25M · Help: 72
AUM ~$20B. https://trustband.app/vc/accel.md
On our ledger: CrowdStrike, Figma

## 16. Kleiner Perkins · 35

Google, Amazon, Genentech. The old book still writing.
Impact/$: 3.7×
Founder-GP: none — discounted
Friendly: keep
S-tier: Google, Amazon, Genentech, Nest
Check: $5–40M · Help: 58
AUM ~$21B. https://trustband.app/vc/kleiner.md
On our ledger: Google, Amazon, Spotify

## 17. Thrive Capital · 34

OpenAI, Anthropic, Scale. The check is large. The GP is not a founder.
Impact/$: 1.6×
Founder-GP: none — discounted
Friendly: keep
S-tier: OpenAI, Anthropic, Instagram
Check: $5–100M · Help: 58
AUM ~$50B. https://trustband.app/vc/thrive.md
On our ledger: OpenAI, Anthropic

## 18. Index Ventures · 33

Transatlantic. PitchBook still scores the outcomes.
Impact/$: 2.3×
Founder-GP: none — discounted
Friendly: keep
S-tier: Figma, Notion, Datadog, Robinhood
Check: $5–40M · Help: 70
AUM ~$35B. https://trustband.app/vc/index.md
On our ledger: Datadog, Figma, Notion

## 19. Insight Partners · 31

Scale software. The check is large. The playbook is operational.
Impact/$: 0.7×
Founder-GP: none — discounted
Friendly: keep
S-tier: Wiz, Shopify, Qualtrics
Check: $20–150M · Help: 55
AUM ~$92B. https://trustband.app/vc/insight.md
On our ledger: Wiz, Shopify

## 20. Tiger Global · 31

Speed and size. The 2021 tape still follows the name.
Impact/$: 0.5×
Founder-GP: none — discounted
Friendly: keep
S-tier: Stripe, Datadog, Spotify
Check: $20–200M · Help: 42
AUM ~$78B. https://trustband.app/vc/tiger.md
On our ledger: Stripe, Datadog, Shopify

## 21. Felicis · 31

Senkut. Notion on the tape. Small book, high hit rate.
Impact/$: 15.4×
Founder-GP: none — discounted
Friendly: keep
S-tier: Notion, Canva, Shopify
Check: $5–10M · Help: 72
AUM ~$1.3B. https://trustband.app/vc/felicis.md
On our ledger: Notion, Canva

## 22. Menlo Ventures · 31

Old Bay. Anthropic on the tape.
Impact/$: 7.8×
Founder-GP: none — discounted
Friendly: keep
S-tier: Anthropic, Uber, Roku
Check: $5–40M · Help: 61
https://trustband.app/vc/menlo.md
On our ledger: Anthropic, Uber

## 23. Floodgate · 31

Twain. Seed as a craft. Small on purpose.
Impact/$: 20.9×
Founder-GP: none — discounted
Friendly: keep
S-tier: Lyft, Twitter, Okta
Check: $0.5–3M · Help: 76
https://trustband.app/vc/floodgate.md
On our ledger: Lyft

## 24. Union Square Ventures · 28

Thesis-driven. Founders keep ranking them as help.
Impact/$: 9.5×
Founder-GP: none — discounted
Friendly: keep
S-tier: Twitter, Coinbase, Kickstarter
Check: $2–15M · Help: 84
https://trustband.app/vc/usv.md
On our ledger: Coinbase

## 25. Lightspeed · 27

Enterprise and fintech at scale. TIME still puts them in the top set.
Impact/$: 1.4×
Founder-GP: none — discounted
Friendly: keep
S-tier: Snap, Grubhub
Check: $5–50M · Help: 64
AUM ~$40B. https://trustband.app/vc/lightspeed.md
On our ledger: Anthropic, Snap

## 26. Bessemer · 27

Cloud and security. The oldest book still writing new ones.
Impact/$: 2.6×
Founder-GP: none — discounted
Friendly: keep
S-tier: Shopify, LinkedIn, Twilio
Check: $3–30M · Help: 68
AUM ~$20B. https://trustband.app/vc/bessemer.md
On our ledger: Shopify, LinkedIn

## 27. GV · 26

Alphabet's fund. Life sciences plus enterprise. Uber and Slack on the tape.
Impact/$: 3.6×
Founder-GP: none — discounted
Friendly: keep
S-tier: Uber, Slack, Stripe
Check: $3–25M · Help: 65
AUM ~$13B. https://trustband.app/vc/gv.md
On our ledger: Uber, Stripe

## 28. Bond · 26

Meeker. Internet Trends, now a fund.
Impact/$: 4.1×
Founder-GP: none — discounted
Friendly: keep
S-tier: Uber, Spotify
Check: $10–80M · Help: 60
https://trustband.app/vc/bond.md
On our ledger: Uber, Spotify

## 29. NEA · 23

Healthcare and enterprise. Scale without the a16z noise.
Impact/$: 1.3×
Founder-GP: none — discounted
Friendly: keep
S-tier: Databricks
Check: $5–40M · Help: 60
AUM ~$28B. https://trustband.app/vc/nea.md
On our ledger: Databricks, Robinhood

## 30. Ribbit Capital · 23

Malka. Coinbase is the book.
Impact/$: 3.9×
Founder-GP: none — discounted
Friendly: keep
S-tier: Coinbase, Robinhood
Check: $5–40M · Help: 66
https://trustband.app/vc/ribbit.md
On our ledger: Coinbase, Robinhood

## 31. Coatue · 23

Hedge book writing venture. Large, fast, few boards.
Impact/$: 2.6×
Founder-GP: none — discounted
Friendly: keep
S-tier: Databricks, Stripe
Check: $20–200M · Help: 44
https://trustband.app/vc/coatue.md
On our ledger: Databricks, Stripe

## 32. Lux Capital · 21

Science fiction, funded. Anduril-adjacent metal.
Impact/$: 3.9×
Founder-GP: none — discounted
Friendly: keep
S-tier: Anduril
Check: $5–40M · Help: 64
https://trustband.app/vc/lux.md
On our ledger: Anduril

## 33. SoftBank Vision · 17

The biggest check. WeWork is the ick. Founders got canned.
Impact/$: 0.4×
Founder-GP: none — discounted
Friendly: ICK. Canned Adam Neumann at WeWork
S-tier: Uber, Coupang, DoorDash, Arm
Check: $100–500M · Help: 28
AUM ~$100B. https://trustband.app/vc/softbank.md
On our ledger: Uber


## Method
- Vintage chart is the field (Cambridge / Preqin / Carta medians). Firm IRRs are private. We do not invent them.
- Score 0–99: founder-GP, S-tier unicorns, founder-rated help, overlap with our hottest seats, public outcome ranks (Strebulaev-Jackson, Dealroom).
- No founder-GP: the book is discounted. Operator partnerships are not the same as having built a company.
- Help is Founders Choice Elo where published, else a public-tape read. 92% of VCs claim value-add; 15% of founders call it critical.
- Impact/$ is a TrustBand multiplier: S-tier hits per √(AUM × typical check). Small books that still hit, win.
- If they iced the founder and canned them, they are not founder-friendly. Hard cut. Public tape only (Uber/Travis, WeWork/Neumann).
- You cannot buy this rank.