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The craftsmen. The dogged. The outsiders. The hungry. The creative.
These are they with whom we stand. 
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Principles
We are seasoned CEOs investing our own capital to build market-leading companies.
We are people-first investors.
First, we find the exceptional entrepreneurs and executives, the independent thinkers and the builders.
Then, we find market opportunities worthy of our best efforts. We look for legacies so compelling we want to continue building them. We prefer a small team of leaders with diverse strengths focused on building a handful of companies. We only buy companies that bring real meaning to us and the customers and employees we serve.
We invest in companies that have demonstrated product-market fit with three or more years of profitability or growing very fast. We bring capital, know-how, team, and processes to accelerate growth. Our network is vast. Our advantage comes from decades of helping one another build great companies.
We don’t “do deals.” Our business model isn't constrained by a 3-year investment treadmill. We’re not trying to "realize gains" to raise our next fund. Our capital is our own and our time horizon is decades. Our aim is long-term market-leadership and a company employees are proud to own.
Our team mirrors the leaders with whom we partner. Many come from humble backgrounds. Most have either founded or acquired and built their companies. Each shares the entrepreneurial mindset.
Our contribution to a company comes from several of us working together. We are mindful of the (often painful) lessons we’ve learned. We value teamwork over taking credit. Truth over persuasion. People over problems.
We are serious about our work. Our reputation for integrity and excellence is our most valuable asset. We believe in the unyielding search for truth, and in upholding the obligation to dissent. We're often called investors, but we see ourselves as builders.
We are people-first investors.
First, we find the exceptional entrepreneurs and executives, the independent thinkers and the builders.
Then, we find market opportunities worthy of our best efforts. We look for legacies so compelling we want to continue building them. We prefer a small team of leaders with diverse strengths focused on building a handful of companies. We only buy companies that bring real meaning to us and the customers and employees we serve.
We invest in companies that have demonstrated product-market fit with three or more years of profitability or growing very fast. We bring capital, know-how, team, and processes to accelerate growth. Our network is vast. Our advantage comes from decades of helping one another build great companies.
We don’t “do deals.” Our business model isn't constrained by a 3-year investment treadmill. We’re not trying to "realize gains" to raise our next fund. Our capital is our own and our time horizon is decades. Our aim is long-term market-leadership and a company employees are proud to own.
Our team mirrors the leaders with whom we partner. Many come from humble backgrounds. Most have either founded or acquired and built their companies. Each shares the entrepreneurial mindset.
Our contribution to a company comes from several of us working together. We are mindful of the (often painful) lessons we’ve learned. We value teamwork over taking credit. Truth over persuasion. People over problems.
We are serious about our work. Our reputation for integrity and excellence is our most valuable asset. We believe in the unyielding search for truth, and in upholding the obligation to dissent. We're often called investors, but we see ourselves as builders.
Investment Criteria
We are most captivated by companies building a community or network, where connecting people lay at the heart of the product.
We generally invest in companies that are:
PROFITABLE | $2-8 million in annual profit (or investing heavily in growth and $4-50 million revenue)
ENDURING | Stable, diversified customers in a non-cyclical, growing market
MARKET-LEADERS | Strong reputation and established niche-market expertise
We generally invest in companies that are:
PROFITABLE | $2-8 million in annual profit (or investing heavily in growth and $4-50 million revenue)
ENDURING | Stable, diversified customers in a non-cyclical, growing market
MARKET-LEADERS | Strong reputation and established niche-market expertise
