The First Commercial Contract
How we underwrite a venture’s market hypothesis, and why the first $50K of revenue tells you more than the next $500K. The first commercial contract…
Structured exits
Designing the outcome at the time of the first check, and why most ventures get this exactly backward. Funds discover the exit in the last…
On the five elements
What we look for before we commit conviction, and how we identify which elements need to be engineered for a company to stand. Every business…