Accomplice is a venture capital firm that has invested $212 million since 2016 primarily in technology companies. The firm focuses on areas like augmented and virtual reality, human-machine interfaces, and 3D printing. The virtual and augmented reality market is projected to grow significantly to $108 billion total by 2021, with VR reaching $25 billion and AR reaching $83 billion. Accomplice looks to invest in platform companies working on real technology that can disrupt large markets by solving major challenges.

1. Sarah Downey
Accomplice
@SarahADowney
MIT ENTERPRISE FORUM
What's real about AR/VR?

3. Last fund: $212m, 2016, tech only
Stage: Seed, Series A
• Smallest check size ~$1.5m; $10-15m over lifecycle of a company
Geo: 50% Boston, 25% Canada/NYC/other, 25% West coast
# of investments: 220+
2016 activity: 13 seeds, 18 Series As
Examples where we were the first institutional investor:
• AngelList
• DraftKings
• Veracode
Born: 2015 (split from Atlas Venture)
ACCOMPLICE

4. sarah@accomplice.co, @SarahADowney
ME
Principal, Accomplice (FKA Atlas Venture); former startup
operator & attorney
Investment areas: tech that feels straight out of science fiction
Augmented & virtual reality
Human/machine interfaces
3D printing
Next-gen gaming
Privacy/identity/authentication

5. THE MARKET
$108B total by 2021:
VR: $25B
AR: $83B
2016:
VR: $2.7B (6.3m headsets shipped)
Oculus: 240k
Vive: 420k
PSVR: 750k
Samsung Gear: 4.5m
Google Daydream: 260k
Google Cardboard: 10m+
AR: $1.2B

7. AR/VR
Paracosm
Vesper
Neurable
Angel deals

8. FILTRATION
MISSION-DRIVEN / DOMAIN DEPTH
SUPER POWER
REAL TECH
MARKET DISLOCATION

9. LOOKING FOR:
Platforms
Scalable (not one-off content)
Maximal software, minimal hardware
Hard problems
Big markets

10. Sarah Downey
sarah@accomplice.co
@SarahADowney
THANK YOU