Approach

We focus on foundational technologies with enduring relevance and high barriers to entry. We write the kill criteria first, model scenarios over point forecasts, and size positions according to liquidity, volatility, and conviction.

1. 1
   Thematic Origination
   Identify domains with structural tailwinds and bottlenecks.
2. 2
   Thesis Development
   Research technical leverage, unit economics, and defensibility.
3. 3
   Scenario Mapping
   Model multiple paths, prioritizing irreversible advantages.
4. 4
   Kill Criteria
   Define explicit exit conditions before investing.
5. 5
   Positioning & Risk
   Size based on liquidity profile, drawdown tolerance, and asymmetry.