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Investment Theses

  • Better process creates better results for investors, founders, and students. I cannot promise limited partners performance alpha, but I can promise process alpha.
  • The investment management industry is overdue for disruption. Investment management offers unusually high margins and unusually dissatisfied clients; that’s a recipe for VCs to turn analog dollars into digital dimes.
  • If tech investors eat their own dog food, and use technology and analytics in their investment process, they’ll get better results.  In the liquid markets, firms like DE Shaw and Two Sigma have rethought investing by using technology and data to inform their decision-making. In the private markets, few investors are yet doing this.
  • If you invest in nontraditional markets and diverse entrepreneurial populations, you will get better returns.  An investors’ job is to invest in what others overlook.
  • You can use technology to make sales and fundraising dramatically more efficient.  Sales today is still one of the most manual, inefficient processes in business.
  • Revenue-share investing is a better fit than traditional equity venture capital for many growth companies.
  • You can still work with leading research universities, even if you’re not a student or professor.
  • More and more high potential people are becoming founders, because of lack of traditional job opportunities; far better education around founding companies; and the no-code movement.
  • People are much faster to use new technology in the search for romance than they are in business, which means you can see the future of business relationships by analyzing online dating.
  • Trusted business relationships are far more valuable than relationships with people with whom you don’t have a history, and even more so in a time of pandemic. Relationships that cross structural holes are more valuable than relationships with similar people.