Pat Matthews
Founder & CEO
Investor San Antonio
Background
- Founded Webmail.us — sold for $50M to Rackspace in 2007
- Started Active Capital in 2017 as a venture investor
- Raises from founders, operators, and entrepreneurial families (not institutional LPs)
- Lives in San Antonio — investing outside of traditional tech hubs
- Strong believer in the pre-seed stage as the most foundational moment for a company
Investment Focus
- Enterprise AI
- Cloud infrastructure
- Pre-seed stage exclusively
- Backs founders forming company DNA at the earliest stage
Notable Investments
Active Capital portfolio across three funds. Focus on enterprise AI and cloud infrastructure at pre-seed.
AI Agent Relevance
- Strong fit — Active Capital's entire thesis is enterprise AI and cloud infrastructure at pre-seed
- His $28M fund is small enough that each investment gets meaningful attention
- As a founder who exited to Rackspace, he understands cloud infrastructure deeply
- His philosophy of "early believers with deep relationships" is ideal for a first check
- The fund raises from other founders/operators, so the LP base itself is a valuable network
- Three funds deep means this is a proven, committed investor, not a one-fund experiment