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South Park Commons (SPC) is an American venture capital firm and technical community based in San Francisco, California. Founded in 2016 by former Dropbox executives Ruchi Sanghvi and Aditya Agarwal, the firm focuses on the "minus one to zero" phase of company building, a term the founders use to describe the pre-ideation stage of a startup. It has been described by technology publications as an "anti-incubator" due to its focus on individual talent rather than specific business ideas. As of 2025, the firm manages multiple venture funds and operates physical locations in San Francisco, New York City, and Bengaluru.
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