01 — What we believe

The moats are forming
underneath the chat windows.

Every generational platform shift is won at the substrate. The browser made HTTP boring. The cloud made racks invisible. The AI shift will be no different — the durable companies are forming under the surface.

Inference economics. Retrieval engines. Evaluation harnesses. Data pipelines. Runtime primitives. The layers the next thousand AI companies will quietly depend on, but rarely talk about.

We are concentrated, technical, and unhurried. We take three years to write thirty checks. We answer pitches in 48 hours. We do not lead by FOMO.

02 — Operating principles
/ 01

Pre-seed only

We meet you before the deck is finished. We lead the round that gets your first hire on payroll. No bridge rounds, no pro-ratas we won’t earn.

/ 02

Infra obsessives

Our partners shipped systems at OpenAI, Modal, Databricks, and CoreWeave. We read your benchmarks. We notice the FLOP per dollar.

/ 03

Patient capital

Infrastructure compounds slowly, then suddenly. Our LPs are endowments and family offices that measure returns in decades.

/ 04

Founder first

One partner per company. Direct line to mobile. No associate filter. We answer pitches in 48 hours — yes or no, with a reason.

03 — Where we fit
Pre-product
$250K
First check before code. Conviction over traction.
Pre-seed (lead)
$1–2M
We lead the priced round. Board observer, not seat.
Seed (follow)
Pro-rata
We earn it; we don’t demand it. Stage-appropriate sizing.
Series A+
We gracefully step aside. The world has plenty of growth funds.
04 — What we won’t do

Read the long version. Or send us a pitch.