Robert Afshar

Robert Afshar is a web entrepreneur turned venture investor based in Las Vegas, Nevada. He earned an undergraduate degree from the University of California, Berkeley (1993) and a law degree from the University of San Francisco School of Law (1994–1997). Rather than practice law, he moved into internet marketing and online lead generation during the first dot-com era.

Afshar's defining operating success was LeadClick Media, an online lead-generation and performance-marketing company he founded in 1999 and led as President until 2008. A partial sale of LeadClick Media reportedly valued around $150 million became the foundation of his subsequent investing capital. Along the way he also founded FBM Software (2001) and was earlier associated with ventures such as eAdvertising.com and Legal Resource Inc.

Today Afshar is Founder and Principal of RAA Ventures (also branded RAA Capital), the entity through which he deploys the proceeds of the LeadClick sale and later gains. RAA operates as a hybrid: an angel/venture firm making early-stage technology bets, and a Las Vegas multi-family office that allocates across real estate, private equity, hedge funds, and venture capital. Public sources list no other named investment professionals beyond Afshar, though aggregators occasionally cite associates such as Paris Koleini and John Anzur.

The firm's stated dates vary across sources (founding is listed as 2005 or 2009), reflecting that RAA has evolved from a personal angel vehicle into a broader capital platform over roughly two decades.

• Invests to "help exceptional entrepreneurs build successful companies by providing angel investments, startup capital, and expertise" — the firm's own stated mission.
• Focuses on pre-seed and seed rounds, typically writing checks in the ~$500K–$5M range for direct venture deals.
• Sector appetite centers on internet/consumer, enterprise applications, high tech, fintech, AI, and blockchain/Web3; the family office side adds gaming, PropTech, InsurTech, LegalTech, RegTech, and ClimaTech.
• Emphasizes hands-on support and mentorship — positioning himself as an operator-investor who has built and sold internet companies, not just a passive check.
• Frequently co-invests in high-profile early rounds (Y Combinator companies recur among RAA's portfolio deals).