Alex Guerrero is a first-generation Mexican American who founded two software companies before becoming a venture capitalist and co-creating the widely adopted Diversity Rider, a term sheet addendum that reserves part of each funding round for underrepresented investors. At Act One Ventures, roughly 70% of his portfolio companies are led by women and people from underrepresented groups, reflecting his focus on making diversity a structural part of how deals are done rather than just stated values.
What they've been talking about across their social media accounts

- Hands-on approach to deal flow and due diligence, emphasizing that he still personally digs into the research to build conviction rather than outsourcing it, specifically citing customer reference calls as a high-value tool for validation.
- Strong advocacy for diversity within the venture ecosystem, frequently highlighting the importance of diversity riders and vocalizing support for underrepresented groups, particularly Latino and Latina founders and investors.
- Track record of supporting early-stage B2B and fintech companies from the ground up, evidenced by his pride in leading the seed round for Auditboard years before its multi-billion dollar exit and celebrating the international expansion of portfolio companies like Finix.
- Appreciation for mental health awareness and emotional resilience, openly discussing the benefits of therapy and the clarity that comes from processing personal challenges, such as balancing the rigors of raising a fund while caring for an ill parent.
- Deep connection to his first-generation immigrant background, sharing personal stories about his family achieving citizenship and the work ethic instilled by his upbringing, framing these experiences as a source of strength and perspective in his professional life.
About their Fund
Sectors
AI, SaaS, Fintech, Health, Under-represented founders
Rounds
Pre-Seed - Seed
Avg Check Size
$300K - $1M
Notable Investments
Act One Ventures is widely recognized as the originator of the "Diversity Rider," a standardized term-sheet clause that requires each deal to include underrepresented investors on the cap table, which General Partner Alejandro Guerrero created and promotes through a dedicated podcast to turn it into a broader movement. The firm focuses on AI-native business software with a "fewer bets, deeper relationships" model, making only ~7 new investments per year while achieving unusually strong results like 60% of portfolio reaching Series B/C and leading the seed in AuditBoard's $3.15B exit in 2024.
Other partners at the fund
Notable Fund
Investments
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