Lee Carter is a Partner at Equal Opportunity Ventures who focuses on early-stage energy and industrial software startups, bringing operational finance experience from roles like Head of Finance at Geli and Principal Partner at Momenta. Based in Boston, he serves as a key external contact for EO Ventures and has worked across both corporate venture capital at WEX Venture Capital and opportunity-focused early-stage investing.

• Valuing intellectual honesty in pitch decks, specifically regarding competition slides. Dislikes charts showing a startup winning every single feature category against incumbents and prefers founders who acknowledge competitor strengths while justifying their own strategic trade-offs.
• Focus on the digitization of the physical world, ranging from supply chain logistics to waste management. Highlights specific interest in technologies like small autonomous vehicles for positioning and LoRaWAN networks to modernize legacy industrial processes.
• Advocacy for ethical treatment of founders, particularly those lacking traditional networks. Actively warns against predatory models where firms charge consulting fees in exchange for pitch opportunities, viewing this as a major red flag in the industry.
• Interest in the intersection of hardware and artificial intelligence, specifically the embedded machine learning revolution. Follows developments in edge computing where model performance is critical and celebrates funding rounds for infrastructure layers in this space.
• Support for platform-dependent strategies and ecosystem funds. Frequently notes the opportunities created when major software companies like Slack or Zoom launch funds to encourage developers to build on their SDKs.
• Pragmatic approach to blockchain and web3, favoring projects with publicly accessible data. Appreciates when on-chain analytics can verify actual growth trends or hockey stick charts, rather than relying on sweeping qualitative statements.