IVP specializes exclusively in Series B rounds, backing only about a dozen companies per year and taking them from millions to hundreds of millions in revenue, rather than spreading small bets across multiple stages like most VCs. The firm runs an unusually collaborative, firm-wide model where founders get access to the full investment and platform team instead of just one partner, and has built an in-house security function that actively audits portfolio companies and authors security guides—capabilities that are atypical for venture firms.