All Turtles
D
/ Distressed · 38/100 · High Risk
Phil Libin–founded SF + Paris studio (2017). Reduced operations + portfolio acceleration since 2022. Effectively dormant in 2024-2026 with reduced public visibility.
/ 01 / Subscore Breakdown
How the grade decomposes.
Repeatability/ 25% weight
40
Capital Efficiency/ 22% weight
36
Operator Bench/ 20% weight
44
Equity Ownership Capture/ 18% weight
30
Portfolio Outcomes/ 15% weight
40
/ 02 / Studio Notes
Best for / Watch out for.
/ Best for
Reference only — operational status is uncertain.
/ Watch out for
Reduced operations; not actively forming companies at peer scale.
/ 03 / Public-Record Timeline
What's on the record.
2024
Operational status reduced
2017
All Turtles founded by Phil Libin