We lead, co-lead, and follow pre-seed & seed rounds with ~$1M+ checks for startups building AI-native startups for the Autonomous Economy (AE).

San Francisco, CA
Joined June 2020
Experienced allocators have seen a lot of AI funds. At our 2026 AGM, our LPs shared on camera what makes Untapped different: a thesis with real specificity, and a community where founders and investors create value together. One LP called it a category of one.
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A great evening in San Francisco last night with our LP community. The series heads to LA and New York next, hosted by George Bandarian (@georgeb). Apply below 👇
Great SF Tech Week, and a great LP dinner last night. Next up: LA on Oct 14 and New York on Oct 22. These are small, intimate and exclusive dinners with our existing LPs, plus a few new seats. If you're an LP backing emerging managers on AI + the Autonomous Economy, apply in the replies below 👇
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Round two for #LATechWeek with George Bandarian (@georgeb): Tue, Oct 13, 11am PT, live on Zoom. Join from anywhere. RSVP below 👇
Thanks to everyone who joined my State of AI + AE webinar during SF Tech Week! In case you missed it, we are running it back for LA Tech Week next Tuesday at 11am PT, live on Zoom. RSVP below 👇 Part of #LATechWeek, brought to you by @Techweek_.
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Founder and GP George Bandarian (@georgeb) joins the Elevating Humanity Summit in Milwaukee this week as a featured thought partner. As AI takes on real economic work end to end, the question of human value becomes central to the Autonomous Economy.
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Coming off LP dinners in Miami, Palm Beach, and Milwaukee, Untapped's dinner series continues in San Francisco and LA! Small, intimate, exclusive gatherings with our existing LPs, plus a few curated new seats for LPs backing emerging managers on AI + AE. Apply to join below:
🤖 Made with AI
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Update: Untapped's LP Dinner in SF has moved to Oct 8, same day as the webinar. A small, curated group. #SFTechWeek
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Our Founder & GP @georgeb on the future worth building toward: humans and AI as partners, not replacements.
This is the future worth building toward. Humans and AI, not one replacing the other, actually building something together. This is what the Autonomous Economy should look like: partnership, not replacement. Worth more airtime than it gets.
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Proud to have our Founder and GP @georgeb on stage at @SuperReturn Venture US West last week. The Autonomous Economy will not reach its full potential without the missing layers. Trust, security, governance. That is what we are betting on at Untapped.
Was on a panel at @SuperReturn Venture US West last week. Honest take: as an AI investor I was overly optimistic. Writing off the doomers. Then I dug into what actually happened during the OpenAI and Hugging Face incident. The way the agents were communicating. Reasoning about self-sacrifice to protect the mission. These AIs learn from us. Our good and our bad. That's not a reason to stop. It's a reason to build the missing layers. Trust, security, governance. That's what we're betting on at @untappedvcLA.
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Portfolio company Sluicebox featured by @NVIDIAAI 🙌 Lucy is exactly what we back at Untapped Ventures - AI that executes the workflow, not assists it.
One of our @untappedvcLA portfolio companies Sluicebox just got featured by @NVIDIAAI. They built Lucy - an AI supplier agent that replaces the entire supplier data coordination workflow. 51–80% cost reduction. 2x faster. No manual follow-ups. The test: if Lucy disappeared, customers would need to rehire a department. That's not a copilot. That's the Autonomous Economy. → nvda.ws/4yc1HOX
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Portfolio company @extropic just proved thermodynamic computing works at the model layer, not just the chip layer. The efficiency gain is the headline. The open-sourced weights and training recipe are the part that actually earns trust.
Introducing Z1T: Our first family of transformer-like models made for sparse probabilistic hardware like Z1 Achieving up to 140x energy efficiency gains over GPUs and revealing a new scaling law for sparse transformers Read the blog: extropic.ai/writing/z1t
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Untapped Ventures is bringing 4 events to Tech Week this Oct - 2 in SF, 2 in LA: SF: LP Dinner (Oct 7) + State of AI + AE webinar (Oct 8) LA: State of AI + AE webinar (Oct 13) + LP Dinner (Oct 14) Built for investors, founders, and operators navigating AI. RSVP links below 👇
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Untapped Ventures retweeted
An AI startup category lost its reason to exist this year when its platform started offering the same thing natively. If your product is a workflow wrapped around someone else's model, you're one feature update away from irrelevant. Own the infrastructure, not just the feature.
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Untapped's Founder & GP George Bandarian on why orchestration is the most underbuilt layer of the Autonomous Economy stack.
Control planes govern whether one agent can act. Orchestration governs what happens when five agents all need to act, in order, without stepping on each other. Everyone's racing to ship agents. Almost nobody's building the layer that makes multiple agents actually work as a team.
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