"that is indeed useful but 2 caveats. the arrival of a new partner with specific background and track record within a fund can change the trajectory of the investment strategy; also the fact a fund has not invested in a specific sector does not mean they won't...they may just wait for the right opportunity (just as you did with Etsy or Twitter) Finally sometimes there is also portfolio saturation around a specific topic/vertical (too many consumers mobile apps,...) and a logic of diversification is required. So the big picture is not helpful in that sense. The only real way to know is to ping the VC and see what the answer is Last comment: i would not just crawl the VC website for portfolio links but also would run a simple analysis on the fund partnership: get their linkedin profile, field of expertise and run a conclusion from there. That would be very complementary" - Ouriel Ohayon