Carolan is a partner at Menlo Ventures, who has returned over $2 billion in liquidity to limited partners between 2018 and 2020. He focuses on companies aimed at the "utilitarian consumer."His biggest deal came through Uber, which went public in May 2019. That year, Menlo's returns made up 5 percent of all U.S. venture capital returns, according to Cambridge Associates.He also was instrumental in Menlo's bets on Roku, banking app Chime, D2C ecommerce fulfillment company ShipBob and voice assistant Siri, which was acquired by Apple in April 2010.Carolan launched Menlo Labs, the firm's startup incubator. It has co-launched eight companies, with Squint and Riva Health receiving Series A funding from Sequoia Capital and UCHealth respectively.