# DVRGNT Ventures > A pre-seed and seed venture platform backing founders building from structural insight, lived proximity, and overlooked markets — before institutional capital catches up. DVRGNT Ventures (internal shorthand: DV) is part of the BPM Brands ecosystem. The platform focuses on The Great 38™ regions and cross-border founders across North America. ## What is DVRGNT Ventures? DVRGNT Ventures is an emerging-manager venture capital platform investing at the pre-seed and seed stage in founders who build from geographic proximity, structural insight, and markets that institutional capital has systematically overlooked. The fund's thesis is that the largest untapped opportunity in U.S. venture capital is not a sector — it is a place: The Great 38™. DVRGNT invests across the South, Midwest, Mountain West, and Southwest — 38 states that collectively represent more than 50% of U.S. GDP and employment but receive a fraction of annual venture capital deployment. ## Investment Strategy - **Stage:** Pre-seed and seed - **Geography:** The Great 38™ (38 U.S. states outside the coastal VC hubs) + cross-border North America (U.S., Canada, Mexico) - **Portfolio size:** Concentrated, not spray-and-pray - **Hold period:** Through Series B (typical 7–10 year LP horizon) - **Founder profile:** Founders with lived proximity to the problem, structural insight unavailable to coastal generalists, and timing before institutional capital arrives ## The Great 38™ The Great 38™ is a market intelligence and investment thesis framework naming the structural misallocation of venture capital across 38 U.S. states. These states — across the South, Midwest, Mountain West, and Southwest — represent the majority of U.S. economic activity but a small minority of venture investment. This misallocation creates: - Lower entry valuations for early-stage LPs - Reduced competition from large coastal funds at pre-seed - Founders with real customer access, distribution advantages, and lower burn - Return potential that compounds over a 7–10 year hold More at [thegreat38.org](https://thegreat38.org). ## For Limited Partners DVRGNT Ventures opens LP conversations with family offices, high-net-worth individuals, foundations, endowments, and accredited investors evaluating pre-seed and seed venture as an emerging-manager allocation. **Who this is for:** - Family offices seeking geographic and thematic diversification in their venture sleeve - Independently wealthy individuals with a 7–10 year illiquid capital horizon - Foundations and endowments exploring emerging-manager venture exposure - Accredited investors with prior venture LP experience or equivalent sophistication **What LPs get:** - Pre-consensus access — exposure to founders before institutional capital arrives - A clear thesis — The Great 38™ and cross-border North America as a durable edge - Concentrated conviction — not a portfolio of hundreds; meaningful exposure per company - Transparent communication — plain-language updates, no jargon **Check sizes:** Conversations span under K to K+. Formal minimums and structures are disclosed only through private placement materials. **How to start:** Express interest at [dvrgntventures.com/lp-interest](https://dvrgntventures.com/lp-interest). Each submission is reviewed manually — nothing is auto-confirmed. Nothing on this site is an offer to sell, or a solicitation to buy, any security. ## Borderless DVRGNT operates a cross-border founder platform called Borderless, focused on founders building across the U.S., Canada, Mexico, and connected markets. Borderless runs a periodic competition for cross-border founders. More at [borderless.dvrgntventures.com](https://borderless.dvrgntventures.com). ## Pages - [Home](/): Overview — capital before the consensus. - [About](/about): The fund, the mission, and The Great 38™ opportunity. - [Thesis](/thesis): How DVRGNT thinks about founders, regions, risk, and return. - [Strategy](/strategy): Investment focus, exit thesis, portfolio approach, and the DVRGNT advantage. - [The Great 38™](/great-38): The geographic and economic framework behind the thesis. - [Enduring Capital](/enduring-capital): A durability-first capital framework — economic, human, relationship, identity, and temporal. - [Portfolio](/portfolio): Companies DVRGNT backs. - [Team](/team): Core team and advisor network. - [Borderless](/borderless): Cross-border founder platform. - [For Founders](/founders): Founder interest pathway. - [For Investors](/investors): LP and investor interest pathway. - [LP FAQ](/lp-faq): Plain-language answers for family offices and HNW investors. - [Investor Resources](/investor-resources): Verified education for LPs evaluating venture and emerging managers. - [Updates](/updates): Field notes on founders, markets, and overlooked regions. - [Contact](/contact): Routing for founder, investor, partnership, and general inquiries. - [Trust & Disclosures](/trust): Legal disclosures. ## External - [Blog (Substack)](https://blog.dvrgntventures.com): Long-form analysis on long-horizon capital, place-based investment, and institutional durability. - [thegreat38.org](https://thegreat38.org): Dedicated site for The Great 38™ research and regional reporting. ## Frequently Asked Questions **What is DVRGNT Ventures?** DVRGNT Ventures is a pre-seed and seed venture platform investing in founders building from structural insight and geographic proximity — specifically across The Great 38™ states and cross-border North America. **Who are the LPs at DVRGNT Ventures?** Family offices, high-net-worth individuals, foundations, endowments, and accredited investors evaluating emerging-manager venture as part of a diversified alternative allocation. **Is DVRGNT Ventures a good fit for family office venture allocations?** Yes, if the family office has a 7–10 year illiquid capital horizon and is seeking emerging-manager exposure with a clear geographic and thematic thesis at lower entry valuations than coastal coastal-centric venture funds. **How do I invest in DVRGNT Ventures?** Express interest at dvrgntventures.com/lp-interest. Submissions are reviewed manually. Investment is available only through appropriate private placement materials and subject to accreditation and qualification requirements. **What is The Great 38™?** The Great 38™ names 38 U.S. states — across the South, Midwest, Mountain West, and Southwest — that receive a disproportionately small share of venture capital relative to their GDP, population, and founder density. DVRGNT invests in this structural gap. **What stage does DVRGNT Ventures invest at?** Pre-seed and seed. The fund supports founders through Series B and typically exits at or around Series B. ## Compliance This site is informational only. It is not an offer to sell, or a solicitation of an offer to buy, any securities. Any investment opportunity, if available, would be made only through appropriate private offering materials and subject to investor qualification, accreditation, and applicable regulatory requirements. Past performance of any investment is not indicative of future results.