We’ve come to terms with the fact that outcomes in early-stage investing are largely random. Investors (a) are bad at predicting which of their companies eventually “make it”, (b) have almost no control over the outcome of any one business, and (c) will never know more about a category than the founder who devotes their entire working existence to a particular space.

Rather than take the fatalistic view, we take inspiration from the investors who don’t merely accept, but embrace and thrive off the randomness. These are individuals who devote their working existence to improving the odds of getting lucky, and do so by explicitly defining the lens through which they perceive, process, and act on their surroundings. This is why we fixate – almost to a fault – on a very specific type of founder building a very specific type of business.

There’s a false idea that the founder-investor dynamic is about convincing – where founders convince investors to give them money, and investors convince founders to take their money. We view this dynamic as more of an exercise in finding, where a long-term aligned partnership comes together when a founder and investor who see the world similarly simply… find each other.

We believe there’s an art to being at the right place at the right time. So even if luck is the single biggest driver of outcomes, we think that ours is anything but dumb. Our pursuit is to find order in the randomness by finding our founders wherever they are.