Rahul Vohra

Background

Rahul Vohra grew up in the UK with a passion for programming, teaching himself to code starting at age eight ¹. Both his parents were doctors. By the time he studied Computer Science at the University of Cambridge, where he earned a PhD, he had spent over 10,000 hours programming ¹². He worked as a professional game developer at Runescape before his entrepreneurial career ¹.

Vohra founded Rapportive, the first Gmail plug-in to scale to millions of users, which showed contact information including social profiles alongside emails ¹³. Rapportive was acquired by LinkedIn in 2012 for approximately $15 million ¹³. After the acquisition, Vohra spent two years at LinkedIn as a product manager ¹.

In 2014, Vohra founded Superhuman, an email client positioned around a single attribute: speed ⁴. Superhuman became known for its rigorous approach to product-market fit, including a proprietary framework — the “PMF Engine” — built on a survey asking users “How would you feel if you could no longer use the product?” with a benchmark of 40% “very disappointed” responses ⁵.

Vohra began angel investing in 2012 with personal checks after the Rapportive sale ³. He co-founded Todd & Rahul’s Angel Fund (now Todd & Rahul Capital) with Todd Goldberg, and together they have invested over $50 million into 120+ startups ⁶⁷. Their first formal fund was $7.3 million; they later raised a $24 million second fund in 2021 ⁷⁸.

Stated Thesis

Vohra has publicly described his investment criteria with specificity. In an AngelList interview, he stated: “We look for founders with a very specific magic combination. First, they know how to make something people want. Second, they know how to make people realize they want it” ³. He emphasized that founders need both qualities to succeed.

Vohra also prioritizes founders with exceptional grit — defined as a blend of passion (avoiding distraction) and perseverance (following through despite challenges) ³. He targets investments with potential for $1 billion outcomes, stating he will sometimes pass on strong founders with good businesses if billion-dollar conviction is not achievable ³.

Todd & Rahul Capital describes itself as seeking “ambitious founders building exceptional products in potentially large markets” ⁶. They help portfolio companies with finding product/market fit, supercharging go-to-market strategy, and raising follow-on rounds from top investors ⁶.

Inferred Thesis

The following analysis is based on 25 verified investments from the portfolio table below. Given that Vohra and Goldberg have invested in 120+ companies together ⁶, these 25 represent roughly 21% of their total portfolio. Percentages should be interpreted with that caveat.

Sector Distribution (25 verified investments)

• Enterprise SaaS / B2B Software: 8 of 25 (32%) — Mercury, Clearbit, WorkOS, Ashby, Scratchpad, Charthop, Pitch, Coda
• Developer Tools / Infrastructure: 4 of 25 (16%) — Supabase, AngelList, Hex, Lob
• Fintech / Crypto: 3 of 25 (12%) — Circle, Manifold (NFTs), Farcaster (crypto social)
• Consumer / Social: 3 of 25 (12%) — Clubhouse, Descript, Wander
• Health / Wellness: 3 of 25 (12%) — NexHealth, Loyal, Eight Sleep
• Analytics / Data: 2 of 25 (8%) — Placer.ai, Hightouch
• Education: 1 of 25 (4%) — ClassDojo
• Other (Shipping/Mail): 1 of 25 (4%) — EasyPost

Stage Distribution

The fund writes $300K-$500K checks, focused on pre-seed and seed stages, occasionally participating at post-seed and Series A ⁶⁷. Their first formal fund of $7.3 million was deployed across 42 companies at valuations under $100 million ³.

Notable Patterns

• Founder-operator value-add: Both GPs are active founders (Vohra at Superhuman, Goldberg previously at Eventjoy), which distinguishes them from traditional VCs. Their LP base of 150+ is primarily other founders and operators ⁶.
• Product-first lens: Given Vohra’s fame for the product-market fit framework and Goldberg’s product expertise, the fund appears to select for companies with strong product-led growth characteristics.
• Generalist with B2B lean: While the fund invests broadly (SaaS, consumer, crypto, health), there is a noticeable lean toward B2B productivity and infrastructure companies.
• 3 unicorns: The portfolio includes at least 3 unicorns — ClassDojo, Placer.ai, and one other ².

Portfolio

Note: Specific investment years are not publicly available for most of Todd & Rahul’s investments. The fund confirms 120+ investments total ⁶; this table represents roughly 27% of that portfolio.

In Their Own Words

“We look for founders with a very specific magic combination. First, they know how to make something people want. Second, they know how to make people realize they want it.” — Rahul Vohra, AngelList interview ³

“We believe founders want to raise their first capital from their peers: current or former founders.” — Todd Goldberg, AngelList interview ¹⁰

“Your fund size is your strategy.” — Todd Goldberg, quoting Mike Maples, in discussing their decision to keep fund sizes small ¹⁰

“Keeping our checks small also allows us to be collaborative with other investors.” — Todd Goldberg, AngelList interview ¹⁰

“Deals aren’t done until the money is in the bank. When someone’s interested, you want to close fast.” — Todd Goldberg, AngelList interview ¹⁰

What Founders Say

One portfolio founder stated: “Todd & Rahul are two of the most helpful people on my cap table. They were pivotal in helping me close my last two rounds” ⁶.

Another founder said: “Todd and Rahul are the most incredible partners you could ask for. I am fortunate to have had Founders Fund, Redpoint, Bessemer, QED, and more on my cap table, and can definitively say that Todd and Rahul are in a league of their own” ¹¹.

A third founder noted: “If you’re starting a company, you want Todd and Rahul as investors. They elevated our fundraising strategy and have helped put together every round since the pre-seed. They’ve advised on the pitch itself with written narrative and presentation coaching. They’ve scaled with us from being an early believer to now an active board member” ¹¹.

Another testimonial described their involvement as “game-changing,” calling them “a class beyond their peers in the angel game,” noting that introductions were “instrumental” to their seed round and helpful across product, go-to-market, PR, and recruiting ¹¹.

Note: These testimonials appear on the Todd & Rahul fund website and affiliated search results. While they are from actual founders, they are curated by the fund and should be understood in that context.

Sources