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.
‍
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.
‍
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 have quietly cracked America’s infrastructure.

Software is a picky eater and can 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.