We build and invest in companies striving to be the best

15

companies built
or advised

+$280mm

invested or raised

+$2bn

in value creation

What We Do

01

We Invest

We make early, conviction-driven investments in companies we believe in, whether or not we built them.

02

We Build

We launch companies from the ground up when we see a market opportunity worth pursuing ourselves.

03

We Partner

We step in as hands-on partners, helping existing companies scale, refine strategy, and unlock their next stage of growth.

“Be guided by beauty… it can be the way a company runs, or the way an experiment comes out, or the way a theorem comes, but there’s a sense of beauty when something is working well, almost an aesthetic to it.”

-Jim Simons

How We Think

01

Non-Obvious Markets

We start with attractive markets. Ones that are small, with profitable but weak competition, limited capital or institutional investors, and at cusp of expanding quickly in non-obvious ways. The non-obvious ways tend to be considering the 2nd or 3rd order effects of taking cost or willingness to pay curves to logical conclusions even if it will take two or three years to play out.

02

Founders as Artists

We build relationships with unusual founders. Business building is a creative act, so we look for founders who are artists. Those who are passionate about the detail, have conviction in their beliefs especially if uncommon, are disciplined in their execution, and seek elegance in what they are building.

03

Conviction Through Study

We do the work to get conviction. Having conviction about a particular market, product, strategy, and talent takes deep study across industries, stages, and cycles. We can’t know what great looks like without seeing a lot. Our study and conviction give founders the energy to persist on their path.

Our Companies and Explorations

Category
Description
Why we are interested
01

Fintech / Supply Chain

Digital contracting platform in ocean freight.

Digitizing complex contracts and tracking  interactions lead to substantial operating savings and open a market for contract trading.

02

Fintech

Digital asset platform for the MENA region

Native digital asset services are underdeveloped, yet the region has regulatory clarity and is growing fast.

03

Education

Ultra-premium nursery and afterschool program.

Quality does not measure up to the price at the highest end and market can sustain even higher prices if quality matches.

04

Artificial Intelligence

AI platform for middle-market firms lacking strong IT teams.

AI-enhanced workflows are transforming businesses but need a different GTM motion in general and the middle market is the least served segment.

05

Fintech

Enabling the retail segment for private market investing.

Market is inevitably opening as regulation loosens, more traditional brokerages integrate with private market platforms, and balance sheet players make markets and offer leverage.

06

Legal

Transaction subcontractor to corporate law firms.

Selling and doing will be decoupled more, doing will be more proprietary (no longer just pen and brain), firms with a better platform will enable star lawyers.

07

Restaurants

Tech-enabled drive thrus for small brands.

Increasing throughput per square foot creates a capital light growth model.