VEDIKA JAIN ■ GENERAL PARTNER @ WEEKEND FUND ■ FUND II IRR: 117.9% ■ 350+ LP OPERATORS FROM STRIPE, FIGMA, AIRBNB ■ BROKE INTO VC WITH ZERO DOLLARS DEPLOYED ■ CO-FOUNDER: SIGNATURE BLOCK - 175K VIEWS IN 3 MONTHS ■ FROM BANGALORE TO BERKELEY TO LONDON TO SF ■ VEDIKA JAIN ■ GENERAL PARTNER @ WEEKEND FUND ■ FUND II IRR: 117.9% ■ 350+ LP OPERATORS FROM STRIPE, FIGMA, AIRBNB ■ BROKE INTO VC WITH ZERO DOLLARS DEPLOYED ■ CO-FOUNDER: SIGNATURE BLOCK - 175K VIEWS IN 3 MONTHS ■ FROM BANGALORE TO BERKELEY TO LONDON TO SF ■

Person · Venture Capital · San Francisco

Vedika
Jain

The Memo Writer Who Bought No Shares and Backed the Future

She wrote investment memos on deals she couldn't touch, for funds she didn't run. Then she ran one.

General Partner Weekend Fund AI Investor Signature Block @vedikaja_in

117.9%

Fund II IRR

350+

LP Operators

175K

Sig Block Views

600+

Applicants Beaten

Profile

The Investor Who Practiced Without Capital

Here is the thing about Vedika Jain that the resume cannot capture: before she was a General Partner at Weekend Fund, before she was writing checks to the next generation of startups, she was writing memos. Fake ones. Real analysis, real conviction, zero dollars. At night, after her day job as the first Product Manager at TrueLayer - a fintech then staffed with eight people in London - she would pick a public deal and write the investment case as if the decision were hers to make.

She sent those memos as work samples when applying to Weekend Fund. Out of 600+ applicants, she got the call. The rest is a five-year arc from Chief of Staff to General Partner - and a portfolio that includes Pipe, Deel, Function Health, Voiceflow, and Extropic.

"The people you spend the most time with will change you in ways you cannot anticipate."

- Vedika Jain, on choosing people over companies

Weekend Fund is unusual by design. It runs on two people - Vedika and Ryan Hoover (the founder of Product Hunt) - with 350+ active LP operators from Stripe, Figma, and Airbnb writing $100K-$300K checks at the pre-seed and seed stage. The fund's LP base is not passive capital. It is a network of people who have built things, and who bet on founders the way insiders do.

Fund I returned 36.6% IRR. Fund II, 117.9%. Those are not accident numbers. They are the product of what Vedika calls leverage - the discipline of doing more with less. Two people, 350+ co-investors, deliberate documentation so that if one person is asleep on the other side of the planet, the other can still act with full context.

The Career Trick: Before pitching for any VC job, Vedika wrote investment memos on public deals she had no capital to deploy. The discipline of writing down conviction - with no financial skin in the game - turned out to be the best possible audition.

2,250+

Total LP Base
in Weekend Fund

36.6%

Fund I IRR
Annualized

117.9%

Fund II IRR
Top Vintage

5 yrs

Chief of Staff
to General Partner

Origin Story

From Bangalore to Berkeley to Three Continents

Vedika grew up with one foot in Bangalore and one in the Bay Area - her family ran a flour mill in South India, but she spent part of her schooling years in California. That double upbringing built a muscle that would serve her well later: reading two contexts at once, moving between systems without getting stuck in either.

She studied Economics at UC Berkeley, where she also consulted with The Berkeley Group and - presciently - interned at Mithril Capital. Then she joined Stripe as a Risk Analyst, which was early enough at Stripe that joining meant you were learning how the internet's new payment infrastructure was being assembled from the inside. She left for Berlin, where she completed a coding bootcamp at Le Wagon. Ruby on Rails. Not because she wanted to be an engineer. Because she wanted to understand what engineers were building.

London came next: a consulting stint at Kalaari Capital in India, then the Kairos Society in Delhi as Director of Fellowship, then TrueLayer - a fintech startup with eight employees and outsized ambitions. She was their first PM. She helped scale the team to 80+ before her two-year contract ended. And by then, she already had a side project: those nightly investment memos.

The Memo Method

How to Practice a Skill You Don't Yet Have

"Fake it till you make it" - in the most literal and productive sense of the phrase.

- Vedika, on her pre-VC practice

The fantasy investment memo method: Pick a real startup. Read everything public about it. Write a full investment memo as if you are the one deciding to deploy capital. Make a thesis. Make a counter-thesis. Identify the risks. Conclude.

Do this enough times and two things happen: (1) your investment intuition sharpens, and (2) you have a portfolio of work to show any fund that interviews you. The portfolio proves judgment, not just interest. Vedika used this method to stand out among 600+ applicants for the Chief of Staff role at Weekend Fund.

She was introduced to Ryan Hoover (Weekend Fund's co-founder) through Harry Stebbings of The Twenty Minute VC. The rest - as they say in San Francisco - was product-market fit.

Career Path

Five Cities, One Direction

2011-2015

UC Berkeley - B.A. Economics. Consulting with The Berkeley Group. Internship at Mithril Capital. Learning how capital works before working with it.

2015-2016

Stripe, San Francisco - Risk Analyst. Early enough at Stripe to watch the internet's payment layer get built from the inside. The best possible education in fintech.

2016

Le Wagon, Berlin - Coding bootcamp in Ruby on Rails. Not to become an engineer - to understand what engineers build and why they make the choices they make.

2017

Kalaari Capital + Kairos Society, India - Consulting in venture, then Director of Fellowship for the entrepreneur network across India. Learning the ecosystem from both sides.

2017-2019

TrueLayer, London - First Product Manager. Scaled company from 8 to 80+ employees. Wrote fantasy investment memos at night. Got very good at both.

2019-2022

Weekend Fund - Chief of Staff - Started part-time while still at TrueLayer, went full-time six months later. Built the operational architecture for a 2-person fund writing hundreds of checks.

2022

Promoted to Partner, Weekend Fund - Co-founded Signature Block with Ryan Hoover. The newsletter hit 175,000 views in its first three months. Now a resource for fund managers everywhere.

2024

Relocated to San Francisco - Tested the city in January 2024, moved permanently after. Launched "Draft mode" Substack on AI products and investing. Because you should write about the wave while you're riding it.

Sep 2024

Promoted to General Partner, Weekend Fund - Five years from Chief of Staff to GP. The arc of someone who did not wait for permission to become excellent.

Investment Thesis

What She Bets On

Weekend Fund writes $100K-$300K checks at pre-seed and seed. They do not lead rounds. What they bring is a network: 350 active LP operators who have built real products at real companies, and who can make the right introductions at the right moment.

Primary Focus

🤖

AI Agents & Automation

Browser automation, AI agent infrastructure, tools that make knowledge workers dramatically more capable. "As the fat brain eats the backend, the scarce asset isn't infra - it's judgment about what interventions users actually want."

Core Vertical

📉

Fintech & Payments

Shaped by years at Stripe and TrueLayer. Pipe (revenue-based financing), Deel (global payroll), MoonPay (crypto) - the fund has backed several landmark fintech companies before their breakouts.

Emerging Bet

🌟

Creator & Consumer Tools

InVideo (AI video creation), Poparazzi (social camera), Voiceflow (voice product builder). Consumer apps that give individuals capabilities that only companies had before. Tools that create leverage.

Fund Structure

🧰

The LP Flywheel

2,250+ total LPs with 350+ active operators from Stripe, Figma, Airbnb, and others. The fund's edge is not just capital - it is the network that comes with that capital at the most critical stage.

Check Size

✏️

Pre-Seed & Seed

$100K - $300K per deal. Small enough to move fast, large enough to matter. The fund does not lead rounds, which means founders know exactly what they are getting: conviction, network, and operational expertise.

The Archetype

🔍

Rabbit Hole Diggers

The founder type she seeks: people who go genuinely deep on problems before anyone tells them to. The same trait that drove her to write fantasy memos at 11pm in London. Self-directed obsession is her signal.

In Her Words

Sentences That Land

Leverage is about doing more with less.

- On running a 2-person fund with 350+ active LPs

Never automate work you aren't already doing - it's how you fall into infinite optimization traps.

- On operational discipline at Weekend Fund

As the fat brain eats the backend, the scarce asset isn't infra - it's judgment about what interventions users actually want.

- "The 7 Laws of Shipping AI Products" (2025)

There are people whose brains are so good you just want to feed them all your problems. nom nom. solutions.

- On the people she seeks in her network

Inside Weekend Fund

Two People. Hundreds of Bets. One Very Good System.

Weekend Fund started, as the name suggests, as something Ryan Hoover and a partner ran on weekends. By the time Vedika joined in 2019 - first part-time, then full-time - it had become a serious pre-seed operation. What it needed was operational architecture. That is what she built.

The two-person model is not an accident or a budget constraint. It is a thesis. With a small team, you cannot afford bad processes. You document everything. You systematize introductions. You build a network of LPs who can do the things you cannot. The fund's 350+ LP operators - people who have shipped products at Stripe, Figma, Airbnb - do not just provide capital. They provide access, introductions, and the kind of credibility that is otherwise unavailable to a two-person shop.

The portfolio reflects this bet on networks and timing. Pipe - revenue-based financing before the term went mainstream. Deel - global payroll before remote work was a given. Function Health - the diagnostic layer of consumer health before Ozempic made everyone interested in biomarkers. These are not accidents. They are the result of a fund with hundreds of well-positioned eyes on what is happening in the world.

"Seeing is cheap; doing is defensible."

- Vedika Jain, on the difference between observation and execution

Vedika made GP in September 2024. The timeline - Chief of Staff to Partner to General Partner over five years at the same firm - is a study in patience and compound interest. She did not leave for a bigger fund. She did not raise her own vehicle. She stayed and went deep. The alternative career paths she did not take are sometimes the most instructive ones.

Now she runs 10 to 20 personalized introductions per founder in her portfolio network. She authors the "State of the Chief of Staff in Tech" report, which has become a reference document in the CoS community. She earned the GitHub "Pull Shark" achievement - twice - despite being a venture capitalist and not a software engineer. The detail is both absurd and completely consistent with who she is: someone who does not stop at understanding something conceptually.

Pipe Deel Intercom Poparazzi MoonPay Voiceflow InVideo Function Health Extropic Atlys Outset Truemed

Performance

Fund I IRR

36.6%

Fund II IRR

117.9%

LP Operators

350+

Total LPs

2,250+

Intros/Founder

10-20

The 5-Year Arc

2019 → Chief of Staff (part-time)

2019 → Chief of Staff (full-time)

2022 → Partner

2024 → General Partner

Same fund. Same mission. Deeper every year.

Strange & True

The Details That Tell the Story

Fact 01

600+

Other applicants for the Weekend Fund role. She stood out with investment memos written on deals she had no money in.

Fact 02

🐟

Earned the GitHub "Pull Shark" achievement - twice - as a venture capitalist. Because understanding code means actually writing it.

Fact 03

1 Month

Spent January 2024 in San Francisco as a trial run before permanently relocating from London. She tests cities the same way she tests investments.

Fact 04

O-1

The visa category - for people of "extraordinary ability" - that finally got her to San Francisco full-time. A bureaucratic fact that is also a characterization.