PORTFOLIO NEWS: TechCrunch: Duffl’s David Lin dishes on why traditional rapid grocery delivery is not working  Read More

BROADCAST: Consumers are ‘Frontloading’ Holiday Spending: Larry Cheng on Fox Business  Read More

TEAM NEWS: Tomy Han Ranked #24 on the Insider 71 rising-star VCs who shook up the industry in 2022  Read More

ANALYSIS: Rule of 40 Index, now live with time series data: Explore

VOLITION VIEWPOINTS: Five Ways to Build a Sustainable Execution Strategy (Hint: Be A Thermostat, Not A Thermometer)  Read More

TEAM NEWS: Volition Capital Vice President Claude de Jocas Named a 2022 Top Women Leader in Growth Investing  Read More

Volition Capital Announces Closing of Fund V with $675M in Capital Commitments: Volition Capital Announces Closing of Volition Capital Fund V, L.P. with $675M in Capital Commitments  Read More

Wells Johnstone


“Find out who you are and do it on purpose”

–Dolly Parton


Meet Wells Johnstone

Wells joined Volition Capital in 2022 as an analyst on the Software Team. She is responsible for sourcing and providing due diligence on new investment opportunities within software and tech-enabled service businesses.

prior experience & education
  • Wells graduated with a BS in Operations Research from the United States Naval Academy in 2022, where she was a Midshipman Supply Officer and a Squad Leader.
  • While at Navy, she was a member of the marathon team and was chosen as the head of the women’s team.
  • In 2019, Wells completed Marine Corps Mountain Warfare School, where she studied squad assault tactics, patrols, squad infiltrations, and mountain SEAR techniques.
  • Wells taught herself to crochet and made her graduation dress.
  • Her grandparents had pet peacocks, and they used to hand her bags of hostess donuts and tell her to feed them. She still doesn’t know what food peacocks should eat, but she knows they prefer powdered donuts over chocolate-covered ones.
  • Wells can play the harmonica, but the only songs she knows are Wonderwall and the National Anthem.



“I am excited to join Volition because doing work centered around learning and improving is extremely fulfilling to me. Being able to set other people and companies up with long term success by helping them grow and gain adaptability while experiencing the same thing for myself is an opportunity I can’t get anywhere else.”