OBNW*
Building and investing in operating companies that develop and acquire real + digital assets.
Stage: Early. Working with founders to originate an idea or helping established teams take on a bigger market.
Focus: Focus on business models that leverage technology to accumulate assets or standardized services.
Thesis
As per the old adage, the future is already here, just not evenly distributed. Better distributing this future, its technologies and methods will improve the quality of all our lives.
…compared to VC
Optimistic like a VC, starting with not much more than a capable team and an idea.
But hyper-scaling, inverted CAC:LTVs or experimental business models are not our area of expertise.
…compared to PE
Rational, focus on proven business models and asset classes with an eye towards capital structures, as is best practice in PE.
But, unlike PEs, we are willing to be day 1 investors, start small and take operating and technology risk.
*O Brave New World
Even though change can be scary, we are unconvinced by the pessimists that constantly foretell global doom, always finding new advances to fear.
Instead, we are hopeful for our brave new world and technology’s role in it.
If you are too, lets work together.
“Oh, wonder!
How many goodly creatures are there here!
How beauteous mankind is! O brave new world,
That has such people in 't!”
- The Tempest, Act 5, Scene 1
Credits
Header: La Danse des Amazones by Edouard Baribeaud (2015 via Galerie Judin)
Icon: Wall Drawing #370 by Sol LeWitt (1982 via The Met)
Adage: William Gibson (2003 via The Economist)
Quote: The Tempest by Shakespeare (1610 via Public Domain)