Building tech-enabled investment companies and strategies.

Stage: Early. Originating investment strategies, teams and capital.

Focus: Capital intensive models that invest in financial or real assets - particularly in markets that are illiquid or not yet mature.

Investment Thesis

Status Quo:

Asset-centric sectors are an under-appreciated opportunity. The access to capital markets that these require has come hand-in-hand with conservative business practices, making them slow to change.

Next:

This resistance to change is our opportunity. Leveraging advances in predictive and automation technologies yields us an advantage in both the selection and operation of investment assets.

The adage that - the future is already here, just not evenly distributed - summarises our view. Our approach is already obvious in technology forward industries and we are just applying it here.

Thesis:

Our thesis is that ambitious teams, embracing modern practices + technologies, will capture outsized marketshare. Bridging the gap between “old world” finance and “new world” tech will be an unassailable advantage in the coming decade.

…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

We are unconvinced by the pessimists that constantly foretell global doom, always finding new advances - technological or otherwise - to fear.

Instead, we are hopeful for our brave new world. If you are too, join us.

<aside> 🌏 "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

</aside>


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)