Problem

We built companies in hard industries, and it was lonely when we started. Most early-stage venture capitalists said our industries were too capital intensive, low margin, and difficult to scale. We were outsiders.
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Now, we can look back at the $20 billion of value created and the 10,000 employees whose financial trajectories we altered. The very qualities that made our businesses unattractive at seed stage are now our greatest strengths.
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Our entrenched assets are barriers to entry, our revenue is inextricably tied to our customer’s daily needs, and our loyal employees who once made $20 per hour now make $100K per year. We chose the harder path, built the right kind of businesses, and improved America.

A decade later, not much has changed in early-stage venture capital.

Solution

We seek to back pre-seed and seed stage companies transforming boring trades, hard work, unpleasant spaces, and structural inequity. We know first-hand that exceptional humans can unknot these hard industries.

Now is the perfect time. California is out of water, a generation can’t afford a home, and our skilled tradespeople are in their fifties. Raw input, supply chain, and labor crises are silently cracking America’s infrastructure.

Software is a picky eater and will only do so much. But, software combined with automation, robotics, and AI enables high-margin start-ups to fully overtake low-margin industries.

Today, 19% of the U.S. GDP attracts more than 50% of venture capital activity. 81% of the U.S. GDP is under-invested. Trillions of dollars of value are locked up in serious, unsolved problems across the 81%.

Tackle a real, often very difficult problem. America needs you to, and know that we exist to lighten your load.