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Michael Dempsey
Managing Partner at Compound
Michael Dempsey
Michael Dempsey is the Managing Partner at Compound, an investment firm based in New York City. He focuses on investing in frontier technologies such as robotics, machine learning, biology, crypto, and more, using a research-centric, thesis-driven approach at the seed stage.1234
Experience
- Managing Partner at Compound since September 20161
- Previously worked at CB Insights as part of the research and data analysis team from April 2014 to January 20161
- Worked as an Investment Analyst at Crane Partners from November 2011 to March 20141
Education
- Graduated from New York University with a Bachelor of Arts in Economics1
Investing Philosophy
- Focuses on investing in "former science projects" and crypto6
- Believes in developing specific year-by-year theses on how certain sectors will play out, acknowledging that 80% may be wrong but aiming for the 20% that are very right5
- Prefers building one big business in a massive market rather than "narrative expansions"5
- Invests in contrarian opportunities that are considered "too early or too ridiculous" with no real customers yet5
Personal
Highlights
The deployment/pacing for @CompoundVC funds have been some of the slowest in all of venture over the past decade (~5 years each).
We closed fund II in early 2021, sat on it until September 2021 when we called our first capital (20% of fund), and then barely invested from then until March 2023 (we'll be investing this fund deep into 2026 before turning on our next fund).
This pacing definitely has raised lots of questions from LPs along the way (“Do you have good deal flow?” “Are you able to compete” etc).
These are reasonable things to ask and definitely at times led to marginal self doubt and reflection, but our view has and will always be to go down on our ship doing what makes sense and is unique to us.
People like to talk about needing to play the game on the field but I've found that it is far more peaceful and maybe dominant to just play your game as it comes to you. Guess we’ll know in another decade who’s right.
*this does not include crypto investments, of which almost all were made Q2'22 onward

Looking for explorers.
