Hard industries face a 15:1 funding gap versus soft ones.

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.

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.

Our entrenched assets are barriers to entry. Our higher-quality revenue is tied to our customers' daily habits. Our loyal employees, who once made $20 per hour, now make $80K per year.

We chose the harder path and built businesses that improved daily life. We believe the next generation of founders can do the same.

A decade later, not much has changed in funding. 58% of venture capital and growth equity focuses on just 19% of our GDP.

We invest in services, manufacturing, and the physical world. We know firsthand that exceptional builders can modernize these foundational industries.

Now is the right time. We need better nursing homes. We need to fix the return on education. Our skilled tradespeople are in their fifties. Raw input, supply chain, and labor crises quietly crack America's infrastructure.

Trillions of dollars of value are locked up in serious, unsolved problems across the 81%.