Investor profile

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Base Case Capital

Micro-fund

USB2B SaaSAI/MLDevtoolsEnterpriseFintech

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Investment thesis

Base Case Capital is a solo-GP fund founded and operated by Alana Goyal that writes the very first institutional check into builders who are 'still dreaming, tinkering, and exploring what they want to create'—often before they have a product, traction, or even a fully formed idea. Rather than taking pitch meetings or requiring decks, Alana engages founders through direct conversation and ongoing dialogue, acting as an embedded early user, paying customer, and active operational partner with no board seat. The fund's core mission is to help technical founders 'nail their base case'—securing first engineers, first customers, and first institutional capital—before recursing onwards to Series A and beyond. Basecase is particularly drawn to comeback founders, solo founders, underdogs with deep conviction, and anyone who has been told they are 'too intense, too curious, or too impatient.'

Notable quotes

The best part about my job is that I have 37 founders running around that are constantly making great things happen, and I genuinely feel success for them.

Alana Goyal · Forbes Profile / Forbes 30 Under 30 feature · 2024-01-01

Alana is a rare breed of investor who genuinely cares to understand your product, use it, and recommend it. I still get great feedback from her and her network to improve Vercel, Next.js, v0, and more. We're proud to have her as an investor.

Guillermo Rauch · basecase.vc website

Invest in builders who are still dreaming, tinkering, and exploring what they want to create. Be the first institutional check and an active operational partner—not just a capital provider.

Alana Goyal · F4 Fund Research Brief / basecase.vc

Team

Alana Goyal

Founder & Managing Partner

B2B SaaSAI/MLDevtoolsEnterpriseFintech

James Chalmers

Investor

B2B SaaSDevtools

Recent investments

CompanyRoundSizeDate
SupabaseSeed2021-01-01
VercelSeed
AshbySeed
BrowserbaseSeed$7m2024-06-07
BasetenSeries B$40m2024-03-01
BraintrustSeed
MainframeSeed$6m2024-12-01
CodeCraftersSeed$2m2024-11-01
CensusSeed
ResendSeed

Frequent co-investors

VC firmDeals together
Scott Belsky (Adobe / A24)3
Lachy Groom (Physical Intelligence)2
Weekend Fund2
Stellation Capital2
Uncork Capital2
Soma Capital2

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