A family office is a private wealth management firm serving ultra-high-net-worth families, typically with $100M+ in net worth. It is structured as either a single-family office (SFO) dedicated to one family or a multi-family office (MFO) serving multiple families, and is increasingly active as a direct startup investor alongside (or instead of) traditional venture fund investing, providing patient capital, longer holding periods, and more flexible deal structures than typical VC funds. It is the fastest-growing capital source for late-stage venture rounds in the 2020s and a meaningful [Startup Investment] source at all stages.
The structural distinctions: single-family office (SFO) serves one family's wealth, typically requiri...