Nick Tippmann

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Nick Tippmann

Nick Tippmann

@ntippmann

Founder & GP @TipTopVC - Vertical AI, Operator-led, Pre-seed/Seed. Previously founding CMO @GreenlightGuru. Angel & LP.

Austin, TX Присоединился Ağustos 2010
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Nick Tippmann
Nick Tippmann@ntippmann·
Big news: I’m thrilled to officially unveil @TipTopVC — a new pre-seed/seed stage, operator-led venture firm backing the next-gen of Vertical AI founders. After an amazing 8+ year run as founding head of marketing and CMO at Greenlight Guru — from $0 to tens of millions in ARR, creating the medtech QMS category, and raising $120M+ — I knew I had two paths: a) start another software company b) start a venture fund built the way I wish VC worked when I was a founder For nearly 13 years, it’s been a personal goal to build a top-tier VC firm that the best founders want to work with. But the marketer in me always said: “the world doesn’t need another undifferentiated B2B SaaS fund.” So I unplugged. Got a cabin in the Rockies with my then girlfriend, and now wife. And after some much-needed clarity, I had four big realizations: 1. I didn’t have one problem I wanted to solve for 10-15 years—but I had unique experience operating in vertical markets that founders could lean on 2. The future of software (and AI) is vertical 3. My experience gave me a unique right to win with the top founders 4. The best VC firms of the next decade would operate like AI-native startups themselves—brand-led, data-driven, community-built That’s when TipTop Ventures was born. The Vertical SaaS+ thesis I shared nearly 2 years ago unexpectedly went viral. That post pulled me forward. Fast forward to today—and after 30+ vertical SaaS+ angel deals, over a dozen LP checks written, and 9 TipTop investments closed—I’m proud to announce we’re live. While I’m just now announcing the firm, here’s what we’ve quietly built so far: - 9 investments across legacy and underserved industries - 3 companies marked up out of 6 investments made in 2024 - Raving founder feedback on our support-per-dollar invested - 30+ founding LPs from the likes of ServiceTitan, Procore, Mindbody, Greenlight Guru and more It hasn’t been easy going zero-to-one in this market—but the momentum is real. In fact, based on Carta’s latest fund data, if we were a 2023 vintage (we’re 2024), we’d already be tracking top decile. And yes, TipTop is led by a solo-GP, but not solo-built. I’d like to express my deep gratitude for all the support from these early believers: Thank you to my amazing wife Mari Tippmann for your unwavering support since day-minus-one Thank you to our LPs for your early belief and trust–it’s taken very seriously Thank you to Bill Loss for being a rock as founding advisor and LPAC member Thank you to Ershad Jamil for joining me as a Venture Partner And most of all — thank you to our founders. You chose us when we didn’t even have a website (or a fund in some cases). I’ll never forget that. We believe AI is the biggest platform shift since the internet. We believe the future of AI is vertical. And we believe the best founders aren’t just building tools — they’re reinventing industries. If you’re one of those founders: we’re writing $150k–400K checks at pre-seed/seed. Let’s build together. Join us on the journey to the TipTop.
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sudarshan
sudarshan@ItzSuds·
Yesterday, 11 months after I started, I got the final commit for fund 1 I raised 525k in 2 days. I thought I was made. 6 mo later, on Oct 1, I’d only signed 1.7m Fund returns helped, but the only change I made was to unapologetically be me. Being authentic pays, it’s just hard.
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Nick Tippmann
Nick Tippmann@ntippmann·
I joined @lukesophinos + @npoulos on Verticals to talk: • Why “SaaS is dead” is the wrong frame • AI-native upstarts vs incumbents • Instrumenting GTM like a product (+ 7 Vertical AI Plays) • Pricing strategies in vertical AI • Seed → Series A benchmarks right now Platform shifts expand markets - but they also reshuffle winners. Full episode 👇
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Nick Tippmann
Nick Tippmann@ntippmann·
@chrisstrobl Yessir! You can feel the energy on the ground here in Austin.
Colin Gardiner@ColinGardiner

Austin VC is on a roll. I won’t say the epicenter is shifting but the green shoots of something big are forming. In particular the Austin Emerging Manager cohort that's forming right now is looking very promising. Lots of killer first funds that I am sprinting to keep up with. Here is who is top of mind in town but please tag other folks: @itsdanieldart - Rockyard Ventures (also putting on Future Titans conference) @ntippmann - TipTop Ventures (AI vSaaS with early investment in GC AI) @Magyer - Seaplane Ventures (network effect bizs with early investment in Micro1) @krdonnelly - Avalanche VC (early investments in Bluesky and Starbridge) @vsodera - Supercharge VC (killer investment rap sheet) @annieluchsinger - Breakers (heard great things from @Cashflow_Cowboy) @jaydimonte - Grid Capital (honorable mention since not here full time; supply chain all day and great track record at previous firm) The best part is I count many of them as friends. Let me know who I missed.

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Chris Strobl
Chris Strobl@chrisstrobl·
Very smart analysis about diversification. Nick you are at the right time at the right place. @ntippmann
David Sacks@DavidSacks

.@garrytan I would urge you to reconsider this decision and open YC Austin. First, the data is looking in the rear view mirror. “Past performance does not guarantee future results,” as the saying goes. The Austin startup ecosystem is off to the races thanks to first movers like @elonmusk and @JTLonsdale. Second, this is a self-fulfilling prophecy. If YC and others support Austin, it will be successful. Third, and this is a biggie, if you don’t open YC Austin, you’re basically acknowledging that Silicon Valley has insuperable network effects, which was effectively Ro Khanna’s point. You may win this or that political battle, but eventually the political system will extract as much as rent as it can. If you don’t start diversifying now, you won’t have any leverage. Fourth, if Tech doesn’t start sharing the wealth with Red States, it should expect narrow and shrinking political support. With the Left going socialist, the Right should be an ally; it still believes in innovation and property rights. But many on the Right wonder why they should support radical change that mainly enriches Team Blue. I fully agree with you that the tech backlash is bad for America, but to solve this, Tech has to include all of America. This goes for the rest of the VC ecosystem. I would urge you to open Austin offices in 2026.

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Nick Tippmann
Nick Tippmann@ntippmann·
@ColinGardiner Austin VC and startup ecosystem is on a roll indeed! Excited to be building here alongside such a strong cohort of emerging managers, my friend.
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Colin Gardiner
Colin Gardiner@ColinGardiner·
Austin VC is on a roll. I won’t say the epicenter is shifting but the green shoots of something big are forming. In particular the Austin Emerging Manager cohort that's forming right now is looking very promising. Lots of killer first funds that I am sprinting to keep up with. Here is who is top of mind in town but please tag other folks: @itsdanieldart - Rockyard Ventures (also putting on Future Titans conference) @ntippmann - TipTop Ventures (AI vSaaS with early investment in GC AI) @Magyer - Seaplane Ventures (network effect bizs with early investment in Micro1) @krdonnelly - Avalanche VC (early investments in Bluesky and Starbridge) @vsodera - Supercharge VC (killer investment rap sheet) @annieluchsinger - Breakers (heard great things from @Cashflow_Cowboy) @jaydimonte - Grid Capital (honorable mention since not here full time; supply chain all day and great track record at previous firm) The best part is I count many of them as friends. Let me know who I missed.
David Sacks@DavidSacks

I’m pleased to end the year by announcing that Craft Ventures has opened an Austin office. God bless Texas and happy new year!

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Chris Barber
Chris Barber@chrisbarber·
Charlie Songhurst and I are drafting (pls spot errors) a list of investors who started funds without working in VC: 1. @ItzSuds: SF1 (2025) 2. @gefkovicz, @benmtaft: Genius Ventures (2024) 3. Fiona Leng: Xtal (2024) 4. @kokoxsu, @carloagostinel2: Nova (2024) 5. Sunny Sandhu, Manraj Singh Sandhu: Vicus Ventures (2024) 6. @v_maini: Mythos (2023) 7. @erica_wenger: Park Rangers Capital (2023) 8. @mollyfmielke: Moth Fund (2022) 9. @alanaagoyal: Basecase Capital (2022) 10. @simarsmangat: Magic Ventures (2022) 11. @jm: LMNT Ventures (2022) 12. @andrewvigneault: Flexcap (2022) 13. @sophiaamoruso: Trust Fund (2022) 14. @NWischoff: Wischoff Ventures (2022) 15. @kanjun, @RohdeAli, @joshalbrecht: Outset (2022) 16. @packyM: Not Boring (2021) 17. @paigefinnn, @jslishi: Behind Genius (2021) 18. @davefontenot, @EmilyatHF0, @escliu: HF0 (2021) 19. @jackbplatts, @rphmeier: Hypersphere (2020) 20. @LFarleigh, @zachperret: Mischief (2020) 21. @cory: Z Fellows (2020) 22. @lachygroom: LGF (2020) 23. @Joshuabrowder: Browder Capital (2020) 24. @eladgil: Cosmic / Gil Capital / Gil & Co (2020) 25. @joshbuckley: Buckley Ventures (2019) 26. @tnachen: Essence VC (2019) 27. @avichal and @curtis0x: Electric Capital (2018) 28. @DakinSloss: Prime Movers Lab (2018) 29. @ramtinnaimi: Abstract Ventures (2018) 30. @etarczynski: Contrary (2017) 31. @zxocw: Polychain (2016) 32. @IanRountree: Cantos (2016) 33. @AriannaSimpson, @tikhon (@AlexBangash also involved): Crystal Towers (2015) 34. @pmarca and @bhorowitz: a16z (2009) 35. @peterthiel, @KenHowery, Luke Nosek: Founders Fund (2005) Excluded if one of the founders worked full-time in startup investing for >1 yr. Still included if: vc advisor, scout, intern or a <1 yr stint
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Nick Tippmann
Nick Tippmann@ntippmann·
Huge congrats to Tucker, Isaac, and team at @OureonTech on their launch!! Such an important and timely mission - super excited about the opportunity and grateful to be on the journey with them!
Tucker Dordevic@TuckerDordevic

Today, we’re excited to announce that @OureonTech is emerging from stealth following a $3.5M pre-seed round led by GTMfund, with participation from Boost VC, BVVC, Ensemble VC, Flyover Capital, JHH VC, and Tiptop VC, to build the future of advanced airspace interoperability.
 Each year, there are more than 100 million aircraft flights worldwide, and over the next decade, more than 800 million additional drone flights will enter global airspace. Yet these systems still operate in isolation, unable to communicate, predict, or deconflict in real time.
 Oureon Technologies is building the real-time communication layer that connects them, enabling manned and unmanned aircraft to communicate and coordinate safely, instantly, and autonomously. From airports to city airspaces, and beyond, our platform powers predictive, real-time, intelligent communication and deconfliction across every vehicle in the sky.
 If you want to work on something that matters, with a great group of people, we’re hiring at our HQ in Austin, Texas.

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Colin Gardiner
Colin Gardiner@ColinGardiner·
Big News! I am thrilled to finally announce the launch of Yonder Fund I - an early-stage fund that invests in marketplaces that create new economies. After I helped scale Outdoorsy to $3B+ in gross revenue, helped raise $200M across companies, worked with 50+ marketplaces, and created the largest marketplace newsletter, I kept running into the same problem: There is no first-check/pre-seed fund built by marketplace operators, for marketplace operators. Thus, Yonder Fund I was born. Why marketplaces? 1. Since 2010, 50% of the top VC IPOs, 80% of the top 5 exits have been marketplaces. 2. If you invested in every seed deal the year Airbnb did its seed, you would have a 3.5x fund (Airbnb was a 7,000x outcome). Uber was also that year. That's the power law in action for marketplaces. I have been working hard on this. In the past three years, I've put together $4.5M in AUM across 36 investments, including early checks into Autopilot ($13M ARR, $800M AUM, Craft), Packsmith (Bessemer, Interplay, Trust Fund), Throne (Moxxie, Long Journey), and Howie. The fund has been very active, and the early results are promising: - 14 investments completed before or alongside Founders Fund, Norwest Venture Partners, Lerer Hippeau, Seven Seven Six, Mucker, Precursor, Hustle Fund, Night Capital, Motivate, Slauson & Co., m]x[v, Boost VC, Flex Capital, Unusal Ventures, m]x[v, SNAK, ANIMO, Ritual Capital, Coughdrop Capital, Superangel, Mu Ventures, and more! - 2/3 of companies graduated to their next round - Top decile trajectory based on Carta's benchmarks. - World-class LPs: Founders from Grubhub/Seamless, ACV Auctions, Mercari, OLX/FJ Labs, Outdoorsy, Avail, Rematter. Operators from Airbnb, Uber, Amazon, DoorDash, eBay, Thumbtack, StubHub, OpenTable, Trulia, Zillow, Whatnot, Turo, Peerspace, and more. The thesis is proving out, and the timing is right. AI is the key to a new marketplace model in which the heavy lifting of aggregation, matching, and decision-making is no longer human-driven but agent-led. The Cambrian explosion is happening, and there are so many great founders to invest in right now. I am going to need a bigger fund! I am announcing my fund but also reopening and increasing my initial, fully subscribed proof-of-concept fund. Learn more about being an LP below. 👇 Thank you to... - Jack Greco for convincing me to do this and for being my first check. - The LPs who believed in the vision before I had a website. - The founders who trusted me as their first institutional check - The 4,000+ Take Rate readers - Sydecar for making it easy to launch And the best for last, a very special thank you to my wife and family for their support. I would be nothing without you! 🙏 If you're building a marketplace, I want to meet you: I'm writing $50-200K checks at first-check and pre-seed. Let's create the next generation of marketplaces together! Link to the full announcement in the comments. 👇
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Nick Tippmann
Nick Tippmann@ntippmann·
Vertical SaaS x AI is on 🔥 in Austin. Excited to co-host a happy hour w/ Shaun Vanderkaap + @AntlerGlobal bringing together founders, builders & VCs working at the intersection of vertical markets & AI. 🗓 July 23 📍 Austin 🔗 lu.ma/2mgtvme6 Let’s hang 🤙
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Nick Tippmann
Nick Tippmann@ntippmann·
Still buzzing from the @GTMfund AGM in NYC - 4th retreat, and somehow the best yet. Sharp convos, real relationships, and a fund that keeps compounding - on returns and community. Grateful to be building alongside this crew.
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Jason Scharf
Jason Scharf@Jason_A_Scharf·
Everyone’s chasing general AI, but in accounting, biotech, and other industries being 98% right is still wrong. @ntippmann talked to me about where Vertical AI wins x.com/Jason_A_Scharf…
Jason Scharf@Jason_A_Scharf

Not every industry can afford hallucinations. Being right only 98 percent of the time isn't good enough. That’s where vertical AI steps in. Today on Austin Next: @ntippmann founder of @TipTopVC, joins me to explore how specificity is reshaping software and why vertical AI might be the lever that brings laggard industries into the 21st century. We cover: • What Vertical AI Really Means • Specificity as the New Moat • Founders, Not Just Models • When General AI Fails • Seed-Strapping Real or Not • Rewriting Pricing Logic • Vertical AI Talent Mix • Redefining TAM in Niche Markets • Scaling without Overspending What’s Next Austin? “Austin becomes a global hub for vertical AI winners…”

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Jason Scharf
Jason Scharf@Jason_A_Scharf·
Not every industry can afford hallucinations. Being right only 98 percent of the time isn't good enough. That’s where vertical AI steps in. Today on Austin Next: @ntippmann founder of @TipTopVC, joins me to explore how specificity is reshaping software and why vertical AI might be the lever that brings laggard industries into the 21st century. We cover: • What Vertical AI Really Means • Specificity as the New Moat • Founders, Not Just Models • When General AI Fails • Seed-Strapping Real or Not • Rewriting Pricing Logic • Vertical AI Talent Mix • Redefining TAM in Niche Markets • Scaling without Overspending What’s Next Austin? “Austin becomes a global hub for vertical AI winners…”
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Nick Tippmann
Nick Tippmann@ntippmann·
@Jason_A_Scharf @TipTopVC Really enjoyed this convo - appreciate the opportunity to dig into why specificity matters so much in this next wave. Grateful to be building in ATX alongside so many thoughtful founders & investors. Excited for what’s ahead! Thanks for having me on the pod, Jason!
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Nick Tippmann
Nick Tippmann@ntippmann·
Since Jan, @TipTopVC's been on a tear: – 4 new investments – 2 portcos raised Series A w/ top-tier leads – 33% Series A graduation rate vs. 7.4% Carta avg – Public launch → brand & flywheel spinning fast Vertical AI is here. We're just getting started.
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Nick Tippmann
Nick Tippmann@ntippmann·
Awesome time at @fikavc First Look Retreat in LA — great energy, real conversations, and a stacked group of founders & VCs. Grateful to be there repping with @TipTopVC Venture Partner, Ershad Jamil. Big thanks to @TXZhuo @thejohnchen & the Fika team for an amazing event!
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