The target audience for Cowboy Ventures is explicitly early-stage technology companies, primarily at the seed or Series A stages. They focus on businesses building 'new frontiers' in software and technology. This implies a broad range of sectors within tech, but likely leaning towards areas with significant growth potential and disruptive innovation. Their historical investments and stated mission suggest an interest in B2B SaaS, developer tools, AI/ML applications, fintech, healthcare tech, future of work, and potentially consumer tech with a strong defensible moat. They seek companies with strong product-market fit potential, exceptional founding teams, and large addressable markets. They are looking for entrepreneurs who are not just building a product, but a category-defining company. Their audience is global, but with a strong emphasis on the US market, particularly innovation hubs like Silicon Valley, though they are likely open to compelling opportunities elsewhere.