The Convergence of Studios and Family Offices
For decades, venture capital has operated as a closed ecosystem between institutional Limited Partners (LPs) and the General Partners (GPs) of Funds that litter much of Silicon Valley. Family offices—despite their immense capital pools and entrepreneurial heritage—were historically sidelined, channeling allocations into growth equity or passive VC commitments rather than directly shaping company formation.
That pattern is now breaking.
Recent primary research released by Max Pog (FOxVS 2025) documents a quiet but unmistakable shift: single-family offices are no longer content to play the role of downstream LPs. Instead, they are building, co-founding, or capitalizing venture studios themselves. Roughly one-third of surveyed family offices reported actively exploring venture studio partnerships, while several had already established in-house studio vehicles.