MatCap
MatCap presents

MatCap Annual 2027

February 5, 2027Tempe, ArizonaCuldesac Tempe

A national startup conference focused on those bold enough to build the future, and the people who back them.

Why come

Silicon Valley, meet the Valley of the Sun.

You calibrate against whoever’s nearby. Spend a year around people playing small and your plan shrinks to match — not for lack of ambition, but because nothing in the room argues with you. For one day, the room argues back.

  • A bar you didn’t set

    Founders who raised from Susa, Hustle Fund and Verdict Capital, here all day. Proximity does most of the work.

  • Fundraising, demystified

    From far away it looks like luck. Up close it’s a process with steps, and you’ll watch people walk through them.

  • Permission to be unreasonable

    Every session is someone who did the version that sounded too big at the time. Ask them what it cost.

Sponsored by

Interested in sponsoring? Email mat@matsherman.com

Speakers

Y Combinator alum: Y Combinator (via Mutiny, S18), Mutiny
Bryan Tharalson
Founder, HABU

Founder of HABU, a Phoenix developer using AI to tackle the U.S. housing shortage. ASU Master of Real Estate Development; previously led sales at Mutiny (YC S18).

Represents: Anysphere (Cursor), LangChain, ClickHouse, Affirm, Twilio, Okta
Dane Patterson
Partner, Goodwin

Partner in Goodwin’s Business Law group, advising startups and VCs. Clients include Anysphere (Cursor), LangChain and ClickHouse, and Affirm, Twilio and Okta before their IPOs. He also works with several MatCap portfolio companies.

Backed by: Susa Ventures, Browder Capital, SF1.vc, Solo Founders
Dhravya Shah
Founder & CEO, Supermemory

Building Supermemory, a memory API for AI apps, which he started as an ASU student. Backed by Susa Ventures, Browder Capital and SF1.vc, with angels including Jeff Dean and Logan Kilpatrick.

Backed: Webflow, Gamma, Boom Supersonic, NerdWallet, Notary Everyday, Ruck
Elizabeth Yin
GP & Co-founder, Hustle Fund

Co-founded pre-seed fund Hustle Fund in 2017. Previously a partner at 500 Startups and co-founder of LaunchBit (acquired 2014). Hustle Fund wrote the first check into Notary Everyday.

Backed: Etched, Nuclearn, Bluetail, Uplinq, Notary Everyday
Jack Selby
MD, Thiel Capital · GP, Copper Sky

Managing director at Thiel Capital and a former PayPal executive. Founded Phoenix’s Copper Sky Capital, whose first fund backed Etched. Sits on the Arizona Commerce Authority board.

Backed by: Hustle Fund, Animo Ventures, SNAK Venture Partners
Lee Chang
Co-founder & CEO, Ruck

Building the Anvil at Ruck, a wearable AI assistant for construction crews. Went from law school to startup engineering; high-school summers on job sites led him to start Ruck.

Backed: Notary Everyday, Ryniant, ProPlaintiff, Gentle Weapons, Celesto AI, FileFlo, GitHired, Revlo, Sail, Covenant, RavenGraph
Mat Sherman
Founder, MatCap

Founder of MatCap, a pre-seed fund in Arizona. The portfolio runs from Notary Everyday and Ryniant to Gentle Weapons (edge AI for defense), ProPlaintiff (AI-native law) and Celesto (computers for AI agents).

Recognized by: Arizona State University, University of Arizona, Northern Arizona University, Phoenix Business Journal
Meaghan Franks
Founder, Sport Sitters

Founder of Sport Sitters, an app that matches families with college athletes as babysitters, serving families near ASU, GCU and the University of Arizona.

Backed: Neon, Fovus, CenSyn, Notary Everyday
Mike Randall
GP, Monsoon Ventures

Co-founder of Monsoon Venture Fund, an early-stage Arizona VC that invested in Notary Everyday. Previously Snap’s first head of revenue, with leadership roles at Facebook and Yahoo.

Backed by: Verdict Capital, MatCap
Naitik Mohanty
Co-founder, Ryniant

Co-founder and CEO of Ryniant, a no-code platform for synthesis planning in drug discovery. Raised a $300K pre-seed led by Verdict Capital, the new fund from Niko Bonatsos and Michael Fertik, early backers of Discord and Cursor.

Backed by: Hustle Fund, Monsoon Venture Fund, Copper Sky, Unexpected Investments, MatCap
Noel Serrato
Co-founder & CEO, Notary Everyday

Co-founder and CEO of Notary Everyday, automating real estate notarizations for notaries and title companies. Its $600K pre-seed included Hustle Fund, Monsoon, Copper Sky and Josh Constine’s Unexpected Investments.

Backed by: Y Combinator (S18), Khosla Ventures, Founders Fund, Initialized, Lennar
Ryan Johnson
Founder, Culdesac

Co-founder and CEO of Culdesac, builder of Culdesac Tempe, the first U.S. car-free neighborhood built from scratch. Went through YC (S18); backed by Khosla Ventures, Founders Fund, Initialized and Lennar’s LENx. Earlier on Opendoor’s founding team.

Backed: Valar Atomics, Rainmaker, xLight, Superpower
Stephen Cole
Angel Investor

Phoenix angel investor in 70+ startups, mostly pre-seed deep tech, including Valar Atomics and Rainmaker. Co-founder and CEO of Castle, bitcoin treasury for small businesses; previously led engineering at eBay and Intel.

Backed by: Jackson Square Ventures, Y Combinator
Tejas Gupta
Co-founder, Clean

Co-founder and COO of Clean, an AI go-to-market system for B2B SaaS teams, backed by Jackson Square Ventures. Previously at Founders, Inc. and NVIDIA.

Agenda — subject to change

8:30 – 9:15
Check-in
9:15 – 9:30
Opening Remarks
Mat Sherman
9:30 – 10:10
To Bootstrap or to Raise?
Meaghan Franks · Dhravya Shah
10:10 – 10:15
Portfolio spotlight5-minute fireside with a MatCap company
Company TBA
10:15 – 10:55
Where Culdesac Has Been, Where It’s Going
Ryan Johnson
10:55 – 11:00
Portfolio spotlight5-minute fireside with a MatCap company
Company TBA
11:00 – 11:40
You Raised Money! Now What?
Naitik Mohanty · Noel Serrato
11:40 – 11:45
Portfolio spotlight5-minute fireside with a MatCap company
Company TBA
11:45 – 12:30
Mistakes Founders Make When Starting
Dane Patterson · Mike Randall · Lee Chang
12:30 – 1:30
Lunch — legal office hours and lunch-and-learns with the speakers
Dane Patterson
1:30 – 2:10
Lessons Learned from The Bay Area and YC
Dhravya Shah · Tejas Gupta · Bryan Tharalson
2:10 – 2:15
Portfolio spotlight5-minute fireside with a MatCap company
Company TBA
2:15 – 2:55
How to Become an Angel Investor
Elizabeth Yin · Stephen Cole
2:55 – 3:00
Portfolio spotlight5-minute fireside with a MatCap company
Company TBA
3:00 – 3:30
Fireside — Lessons from Peter Thiel and Investing in Arizona
Jack Selby · Mat Sherman
3:30 – 4:30
No Capital, No Constraints
Mat Sherman
4:30 – 6:00
Happy hour
6:30 – late
Offsite dinner
VIPs only
The venue
A car-free street at Culdesac Tempe: a woman walking a dog and a man on an e-bike between low white buildings Guests eating at long wooden tables in a restaurant at Culdesac
Photos: Culdesac

Culdesac Tempe

The first walkable neighborhood of its kind in the U.S.: homes, restaurants and shops on streets built for people instead of cars. For one day, the Annual takes over part of it.

  • Car-freeThe first car-free neighborhood built from scratch in the U.S.
  • On the light railValley Metro stops right at the neighborhood, so you can skip the parking lot.
  • Built by a speakerCuldesac co-founder and CEO Ryan Johnson is on the agenda.
A private, roped-off event area The Annual runs in a cordoned-off section of the neighborhood, open only to registered guests. The one exception is Culdesac residents.
Explore Culdesac ↗

Register

Go early, get a better deal. Founders and investors both pay less the sooner they’re in. 200 seats, and every registration is reviewed and approved.

A ticket is an early bet.

Startups work one way: the price goes up as the risk comes down. The first seats sell before the lineup is finished, the last when the day is obviously worth it. We price the Annual the same way, and the people who move first pay the least.

General admission
$300
Tier 2 of 5 · 7 left at this price

For investors, operators and anyone in the ecosystem.

Register →
Founder
$60
Tier 2 of 4 · 4 left at this price

Very selective. We favor technical, ambitious founders who started in the last two years and are going after a large company.

Apply →
MatCap portfolio
Free
Portfolio founders

Portfolio companies get in free.

Claim your seat →

How pricing works

Counts updated by hand

Every ticket gets more expensive as seats go. Your price is the tier open when you apply, and it holds while we review you. After the last tier below, it keeps climbing by the same step. Portfolio founders are always free.

Founders$50, then +$10 every 10 tickets
    General admission$250, then +$50 every 10 tickets

      Prices follow the ladders above and rise automatically as each tier sells out.