Mark Phillips

Founder & Managing Partner, 11 Tribes Ventures · 19 appearances on the record.

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Mark Phillips leads 11 Tribes Ventures, a Midwest-based early-stage venture capital firm that focuses on capital-efficient startups and founder mental resilience. He is also recognized as a recurring investor on the podcast The Pitch, where he evaluates early-stage founders.

7statements → 1claims → 0claims resolved → 3.71/5average certainty → 1.43/5average debate potential → 7said about them ↓

1 not checkable as stated how the 1 claim stands · each chip opens the sources

1 prediction · 6 disclosures · every statement was checked. The prediction and assertions are the 1 claim: statements the public record can support or contradict. 0 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mark argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Mark Phillips on measured tape to publish a rate. This says nothing about how they speak.

Everything Mark Phillips said on the Pitch that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Phillips: 11 Tribes underwrites deals to a 10x return multiple
“Well, it's just, we underwrite to 10.”
Mark Phillips Mar 26, 2025 ▶ 28:28 Will VCs Bet $3M on This Custom Helmet Startup?
Prediction Not checkable as stated
Phillips: Handle will grow with or without outside capital infusion
“I mean, the business strikes me as one that capital infusion is great, but it will, you've got something here, right? And it will grow with or without that capital infusion, and I think the hyperlocal nature of it, and not growing too fast, Is actually what's …”
Mark Phillips Mar 4, 2025 ▶ 40:15 #126 Handle: The Uncut Pitch
Disclosure
Mark Phillips Offers $300K Investment in Natrion's Note Extension
“I would like to invest in this round, and we'd be looking to write a 300,000 dollar check.”
Mark Phillips Mar 4, 2025 ▶ 14:55 #112 Natrion: The Holy Grail of Battery Tech
Disclosure
Phillips: Firm targets lead positions with roughly $1M check size
“Where we are today from a fund perspective is we're really trying to take lead positions. And if we were to come in and the check size we're writing right now is probably about a million bucks into an opportunity like this.”
Mark Phillips Apr 23, 2025 ▶ 31:17 This Startup Solves a Billion-Dollar Problem in Restaurants with AI – Will It Get Funded?
Disclosure
Phillips: Passing on Natrion Due to OEM Safety Testing Risks
“I think from an investor perspective that creates a bit too much risk for us to want to participate in the seed round. So I think this is going to be an opportunity we'll have to pass on at this point because we're just not able to take the risk where it isn't…”
Mark Phillips Mar 4, 2025 ▶ 22:33 #112 Natrion: The Holy Grail of Battery Tech
Disclosure
Phillips: 11 Tribes passes on Folio over valuation and enterprise traction
“I think two things that really make this problem not a fit for 11 Tribes, the round dynamics are challenging. I think being able to put a check in at that valuation that allows us to hit our ownership targets is going to be challenging, but excited to see and …”
Mark Phillips Mar 12, 2025 ▶ 23:43 The $1.2 Billion EdTech Opportunity Nobody Saw
Disclosure
Phillips: 11 Tribes passes on hardware companies due to lack of specialty
“I think it boils down to hardware is not an area that we feel like we have a specialty, and it's a challenging thing for us to step in and support hardware business.”
Mark Phillips Mar 5, 2025 ▶ 29:56 Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch

The other half of the tape: Mark Phillips's own voice is left out of every number here. 7 statements on the record name them. every mention, with the transcript →

Statements about Mark Phillips, by other people (7)

Assertion Not checkable as stated
Muccio: Mark Phillips passes on Science on Call after diligence
“So their team dug into the data room, and one week later, Mark told Louisa he would not be investing either, for a concrete reason.”
Josh Muccio Apr 23, 2025 ▶ 31:42 This Startup Solves a Billion-Dollar Problem in Restaurants with AI – Will It Get Funded?
Assertion Partly supported
Gemist secures a record-breaking $650,000 syndicate investment on The Pitch
“So we got 300,000 from Neil. That's 250 K from Mark puts you at 550,000. You've got a 100,000 coming from the pitch fund. That puts you at 650,000 dollars, which is I think the biggest investment we've ever had on the show.”
Josh Muccio Mar 4, 2025 ▶ 29:50 #115 Gemist: The Crown Jewel of Venture
Disclosure
Jillian Manus Commits $100K to Natrion Alongside Mark Phillips
“I'm gonna take a hundred of your 300.”
Jillian Manus Mar 4, 2025 ▶ 15:00 #112 Natrion: The Holy Grail of Battery Tech
Prediction Not checkable as stated
Rosenband: Science On Call will reach $4M to $5.2M ARR in 2025
“We'll close out the year between four and five million ARR. I'm actually optimistic we'll be between 4.7 and 5.2, provided we make the right expenditures.”
Andy Rosenband Apr 23, 2025 ▶ 30:01 This Startup Solves a Billion-Dollar Problem in Restaurants with AI – Will It Get Funded?
Disclosure
Gemist generates approximately $50,000 in monthly recurring revenue
“Yeah, so MRR is about 50 K a month just because we haven't, the brands are going live now, right? So I'm dealing with mainly implementation fees and some licensing. Transaction fees haven't hit yet.”
Madeline Fraser Mar 4, 2025 ▶ 15:21 #115 Gemist: The Crown Jewel of Venture
Assertion Not checkable as stated
Josh Muccio: Mark Phillips invested $5,000 personally into The Pitch
“Just last week, he followed through and invested a 5000 dollar personal check in our media company.”
Josh Muccio Mar 4, 2025 ▶ 44:28 #101 Josh Pitches The Pitch
Assertion Supported
Muccio: Fraser secured $150K in commitments from Phillips and Bloom
“Madeline walked out of the pitch room with a 150,000 in commitments from Mark and Neil.”
Josh Muccio Aug 23, 2023 ▶ 23:27 "Jewelry Industry Digital Transformation Needed: Can Shopify Jewelry Save the Day?"

Appearances (19)

EpisodeDateSpeaking time
Will VCs Back 3D-Printed Conformal Batteries? Apr 30, 2025 2m
This Startup Solves a Billion-Dollar Problem in Restaurants with AI – Will It Get Funded? Apr 23, 2025 2m
Will VCs Bet $3M on This Custom Helmet Startup? Mar 26, 2025 3m
The $1.2 Billion EdTech Opportunity Nobody Saw Mar 12, 2025 1m
Bike Theft is a $1B Crisis—Watch This Founder’s $1.5M VC Pitch Mar 5, 2025 1m
#126 Handle: The Uncut Pitch Mar 4, 2025 2m
#122 Wist: The Killer Use Case for VR? Mar 4, 2025 1m
#120 Bevz: A Tech Bro Walks Into a Corner Store... Mar 4, 2025 41s
#117 Lotus: Hardware Hail Mary Mar 4, 2025 1m
#115 Gemist: The Crown Jewel of Venture Mar 4, 2025 2m
#113 HILOS: Is This The Perfect Business? Mar 4, 2025 37s
#112 Natrion: The Holy Grail of Battery Tech Mar 4, 2025 2m
#109 Modern Picnic: Surviving the Adpocalypse Mar 4, 2025 1m
#101 Josh Pitches The Pitch Mar 4, 2025 2m
VCs Debate: Is This Hyperlocal Delivery Business Worth a $3 Million Seed Round? Nov 23, 2023 2m
"Will This Game-Changing Startup Pitch for VR Tech Secure VR Business Funding?" Oct 25, 2023 1m
"A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest? Sep 27, 2023 40s
"Will This Smart Home Automation Pitch Impress Venture Capitalists?" Sep 6, 2023 1m
"Jewelry Industry Digital Transformation Needed: Can Shopify Jewelry Save the Day?" Aug 23, 2023 1m
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