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Pat Condon

Founder, Rackspace Hosting

Pat Condon is a prominent figure in the venture capital space, currently serving as a Partner and Board Director at Active Capital, a venture firm based in Austin, Texas. He has held this position since July 2017, focusing on leading seed rounds for business-to-business (B2B) software-as-a-service (SaaS) companies. Active Capital aims to support ambitious founders by investing in early-stage startups across the United States, particularly those demonstrating revenue and growth potential.12

Professional Background

  • Co-Founder of Rackspace Hosting: Condon co-founded Rackspace in June 1998, where he played a significant role in its development into a major player in cloud computing before its acquisition by a private equity firm.
  • Board Member and Investor: He has been involved with various companies as a board member and investor, including:
    • Pingboard Org Chart Software (since April 2018)
    • FreshBooks (since January 2007)
    • TenFold (since April 2015)
    • VentureLab.org (since May 2013)
    • ParLevel Systems (since October 2012)

Notable Achievements

Condon is recognized for his mentorship and advisory roles in several tech startups, particularly those associated with Techstars Cloud Accelerator. His experience spans over two decades in the SaaS and cloud infrastructure sectors, making him a valuable resource for early-stage companies navigating their growth.14

Personal Insights

Pat Condon is known for his collaborative approach to investing, emphasizing the importance of aligning with founders who are committed to building sustainable businesses. His partnership with Pat Matthews at Active Capital reflects a shared vision of fostering innovation outside traditional tech hubs like Silicon Valley.23

Highlights

Jan 1 · active.vc
Active Capital
Active Capital
The San Antonio Tech Ecosystem at a Glance - San Antonio Business Journal
Rackspace enters the new year as a public company - San Antonio Business Journal - San Antonio Business Journal
The 'Two Pats' Forge Bond that Powers Tech Startups

Related Questions

What are some of the notable startups that Active Capital has invested in?
How did Pat Condon's experience at Rackspace influence his approach to venture capital?
What makes Active Capital different from other venture capital firms?
How did Pat Condon and Pat Matthews meet and form their partnership?
What are the key sectors that Active Capital focuses on?
Pat Condon
Pat Condon, photo 1
Pat Condon, photo 2
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Location

Austin, Texas, United States