We are a venture capital fund focused on enabling founders of technology-enabled companies which are designed for profitability. This is the historic, proven model for business success. The great majority of wealth globally was created by founders who grew organically and profitably.
In particular, at the early stages of a company your equity is priced low. We think it’s in your self-interest to raise as little capital as possible, take as much free money as possible, maintain a culture of stinginess, and build toward Product-Market Fit. Once you’ve done that, your valuation spikes and if you wish you can easily raise growth capital from many VCs.
We have great respect for the founders who consciously decide to forego profitability, raise equity VC, and grow their topline (or at least some metric, like eyeballs) as rapidly as possible. However, that blitzscaling model doesn’t work for most businesses, and is highly risky for all parties.
We want to work with companies all over the US, not just in the tech hubs. We want to invest in founders who come from all educational and national backgrounds, not just the Ivy League/Stanford/MIT.