About
What If Ventures invests in disruptive healthcare and defense industrial startups. Each vertical has a personal connection to What If Ventures founder, Stephen Hays. The firm was founded in 2019 by Stephen Hays, after his own personal struggles with mental health and addiction fueled his desire to see more funding for solutions in that space. Since then, the firm has broadened its aperture and has deployed nearly $100mm into more than 80 disruptive healthcare startups. Prior to venture capital, Stephen was an investment banker in the Aerospace & Defense sector at some of the top bulge bracket investment banks in the world. He found his way into this sector as a U.S. Army Veteran and West Point graduate. While Healthcare and Defense may seem like markedly different markets, they are in fact very similar from a macro perspective. These are both markets with: 1) Very large addressable markets comprised of many fragmented smaller markets. 2) Complex regulatory landscapes. 3) Si
Position in the VCSift Database
- • 4,609 investors in VCSift focus on the biotech sector.
- • 60 investors are based in Frisco, Texas, United States.
Data sourced from 410,343 investor profiles. Updated July 2026.
Investment Focus
- Sectors
- biotech
- Location
- Frisco, US
Contact Information
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