David Coats is the Managing Director and co-founder of Correlation Ventures. See sector focus and contact routes.
David Coats is the Managing Director and co-founder of Correlation Ventures, a San Diego-based venture capital firm he established in 2010 that leverages predictive analytics for data-driven investing. His investment thesis targets early-stage rounds, specifically Seed, Series A, and Series B+, across diverse sectors including deep tech, biotech, fintech, and health, with a focus on domestic U.S. startups. The firm typically deploys flexible check sizes ranging from $100,000 to $4 million, operating strictly as a co-investor that does not take corporate board seats. Notable portfolio companies backed by Coats and Correlation Ventures include SynthorX, Upstart, IonQ, and MosaicML. A distinctive point of view for Coats is the firm’s algorithmic approach to identifying optimal valuation points, enabling investment decisions in under two weeks without traditional pitch meetings. This data-driven methodology, often described as “Moneyball” for venture capital, aims to provide entrepreneurs faster funding terms by replacing subjective evaluation with proprietary analytics.
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