Pat Matthews

Founder and CEO, Active Capital
Pat is a serial founder-turned-VC who, after scaling Webmail.us to millions in recurring revenue and selling to Rackspace, leads pre-seed and seed B2B SaaS rounds for founders outside Silicon Valley.
How to contact Pat Matthews
Stages their fund invests in
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Sectors their fund invests in
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Avg Check
$100K - $1M
N/A
Does their fund Lead?
Yes
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Geos their fund invests in
USA
Pat Matthews
Stages their fund invests in
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Sectors their fund invests in
Enterprise
SaaS
AI
Data
Ecommerce
N/A
Avg Check
$100K - $1M
N/A
Leads?
Yes
N/A
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About Pat Matthews

Pat is a serial founder turned VC who co-founded and scaled Webmail.us to millions in recurring revenue before selling to Rackspace, giving him firsthand experience from startup to exit and post-acquisition integration. He specializes in leading concentrated pre-seed and seed rounds for B2B SaaS founders building outside Silicon Valley, positioning himself as a champion of companies in non-coastal, overlooked markets rather than traditional tech hubs.

Pat Matthews's Interests

What they've been talking about across their social media accounts
  • High-volume activity at the pre-seed stage, aiming to close roughly one new deal every month with check sizes often ranging between six figures and over a million dollars. This includes a willingness to lead rounds and back companies that are pre-revenue or pre-product.
  • Distinct interest in B2B infrastructure, specifically within fintech and artificial intelligence. Recent commitments include backing builders of payment layers for the insurance industry, protocols for AI agents, and tools designed to audit model outputs and reduce hallucinations.
  • Geographically flexible approach that bridges the gap between Texas and the Bay Area. While heavily invested in the Austin ecosystem, there is a consistent pattern of funding San Francisco-based teams or founders willing to relocate, viewing talent availability as global rather than local.
  • Agnostic regarding founder backgrounds, funding a wide spectrum of entrepreneurs ranging from college students met on campus to seasoned technical veterans with decades of shared history. Also explicitly supportive of solo founders, having backed several in recent cohorts.
  • Sourcing channels are highly varied and accessible, with deals originating from cold inbound messages, direct interactions on social media platforms, and university visits. This suggests an openness to hearing from founders who do not have a warm introduction.
  • Prioritizes capital efficiency and finding true product-market fit before scaling. Frequently warns against the danger of hiring too quickly before demand is proven, defining real fit as organic customer growth that compounds over days and weeks rather than just a spike in interest.
  • Values the transition from founder to investor, often referencing personal experiences with near-failure and credit card debt to relate to the current struggles of entrepreneurs. This results in an appreciation for resilience and the ability to pivot when necessary.

About their Fund

Active Capital

Sectors
Enterprise, SaaS, AI, Data, Ecommerce
Rounds
Pre-Seed - Seed
Avg Check Size
$100K - $1M

Active Capital is a venture firm purpose-built to lead concentrated pre-seed and seed rounds for B2B SaaS companies specifically outside Silicon Valley, giving founders a single, hands-on lead investor instead of 10–20 small checks. Founded and run by former B2B SaaS founders who built and exited companies themselves, they focus on capital-disciplined founders in underdog cities who have proven product-market traction on small budgets, positioning themselves as a go-to SaaS lead investor beyond the coastal hubs.

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