Neil Sequeira co-designed Defy's distinctive "Sage" model where experienced operators like Brian Lee and Sujal Patel receive fund-level economics in exchange for hands-on executive involvement with portfolio companies, reflecting his belief that early founders benefit most from active multi-time operators rather than traditional advisors. He deliberately keeps Defy "right-sized" and resists the typical venture growth path of bigger funds and larger checks, choosing instead to stay lean so he can maintain close founder relationships and continue writing true early-stage checks.
What they've been talking about across their social media accounts

- Celebrates portfolio milestones and exits with a focus on how the companies improved specific societal or market frictions, such as the acquisition of Securly for its role in education safety or Cozy for improving the landlord and renter relationship.
- Values the human element of team building and entrepreneurship, often expressing public gratitude for partners and founders who choose to start new missions even when they are already in comfortable positions.
- Shares ideas on macro industry trends through major publications like Forbes, covering topics such as the impact of mergers and acquisitions or the preference for solving distribution challenges with technology rather than regulation.
- Demonstrates a strong personal connection to Oakland sports teams and the business side of athletics, often cheering for the A's or drawing parallels between player agency in the NBA and business decisions.
About their Fund
Sectors
SaaS, Enterprise, AI, Fintech, Consumer
Rounds
Pre-Seed - Series B+
Avg Check Size
$100K - $10M
Notable Investments
Defy operates with a distinctive "Sage" model where current CEOs and serial founders like Brian Lee and Sujal Patel get fund-level carry and deeply embed with portfolio companies as hands-on operators, sometimes even taking interim leadership roles and personally bringing in hundreds of millions in follow-on capital. The firm also "hatches" new companies internally by having partners identify opportunities, do the research and prototyping themselves, then match concepts with founders—functioning partially like a startup studio while running a traditional venture fund.
Notable Fund
Investments
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