Jim Andelman

Co-Founder & Managing Director at Bonfire Ventures · Joined 2017

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Biography

Jim Andelman is a co-founder and Managing Director of Bonfire Ventures. In his own words on the firm's site he has spent his entire career in and around B2B software and has been a venture investor for about 25 years. He began his venture career in the Bay Area in 1999, leading software investing for a $250M expansion-stage fund, and in 2005 founded and served as Managing Partner of Rincon Venture Partners. After a run of co-investments with Mark Mullen the two co-founded Bonfire Ventures in 2017 to lead seed-stage financings exclusively in B2B software. He writes that he led what was effectively MNTN's seed round in 2011 and served on its board of directors for fourteen years; MNTN's proxy statement records that he resigned from that board on 23 February 2025, before the company's May 2025 NYSE listing. The Form D for Bonfire Ventures IV, LP names him as a Managing Director of the fund's general partner, and he is a reporting person on the Schedule 13G filed on MNTN stock in August 2025.

Previous Experience

Notable Investments

1FortAliceAlvysBonsai HealthBoulevardChangeEngineDisqoDuroEarnest ResearchFuel 50GitStartJunoKYC HospitalityMNTN MNTNParticlePradoProsprRainforestRisottoRwaziTelgorithmTopline ProWARPWildfireWindfall

Career Timeline

1999
Begins his venture career in the Bay Area, leading software investing for a $250M expansion-stage fund.
2005
Founds Rincon Venture Partners and serves as its Managing Partner.
2011
Leads what he describes as effectively MNTN's seed round, inviting Dana Settle at Greycroft to split it.
2017
Co-founds Bonfire Ventures with Mark Mullen to lead seed-stage financings exclusively in B2B software.
2025
Resigns from the MNTN board of directors on 23 February 2025, per MNTN's proxy statement filed 30 April 2026; MNTN listed on the NYSE on 22 May 2025.

Sources & References

Bonfire Ventures - Jim Andelman ↗Bonfire Ventures - MNTN Goes Public (22 May 2025) ↗Bonfire Ventures - Internal Support Is Broken. Here's Why We Invested in Risotto (27 Jan 2026) ↗Bonfire Ventures - Why We Tripled Down on Topline Pro (14 Aug 2025) ↗SEC Form D - Bonfire Ventures IV, LP (filed 19 Feb 2025) ↗SEC Schedule 13G on MNTN, Inc. (filed 14 Aug 2025) ↗MNTN, Inc. DEF 14A filed 30 April 2026 (board resignation date) ↗