Problem

We built companies in boring industries, and it was lonely when we started. Venture capitalists said our companies were too difficult to scale, and private equity said we were too early. We were outsiders and grew using cash flow.
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Now, we can look back at the $40 billion of value created and the 40,000 employees whose financial trajectories we altered. The very qualities that made our businesses unattractive early are now our greatest strengths.
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Our entrenched assets are barriers to entry, our higher-quality revenue is inextricably tied to our customers' daily habits, and our loyal employees, who once made $20 per hour, now make $80K per year.

We chose the harder path, built the right kind of businesses, and improved America.

A decade later, not much has changed in funding. 58% of first-institutional capital focuses on just 19% of our GDP.

Solution

We invest in boot-strapped in tech-enabled services and manufacturing companies. We know first-hand that exceptional operators can modernize these foundation industries with limited capital.

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 silently crack America’s infrastructure.

Today, 19% of the U.S. GDP attracts more than 58% of capital inflows.

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. Use technology, cash flow, and a long-term mindset. America needs you to, and know that we exist to lighten your load.