Spark Capital is a multi-stage venture capital firm founded in 2005 and headquartered in Boston, Massachusetts, with additional offices in San Francisco and New York City. The firm manages over $12 billion in assets under management and invests across all sectors and stages, with a particular focus on consumer internet, enterprise software, fintech, gaming, frontier technologies, and media. The firm is recognized for early-stage investments in companies that became defining products across the technology landscape, with notable portfolio companies including Twitter, Discord, Slack, Oculus VR (acquired by Facebook for approximately $2 billion), Tumblr (acquired by Yahoo for $1.1 billion), Cruise (acquired by GM), Affirm, Anthropic, Coinbase, Plaid, Postmates, Wayfair, and Warby Parker. The firm was founded by Paul Conway, Santo Politi, and Todd Dagres, and operates with a philosophy of embracing risk and supporting founders without imposing predetermined playbooks.