Patient capital. Considered conviction.
The office invests its own capital, on its own timeframe, behind a small number of founders and operators whose work would still matter in twenty years.
Long-term horizons
We measure decisions in decades. If a thesis can't survive a downturn, it isn't a thesis — it's a trade.
Purpose-driven
The office only deploys behind founders whose mission would still be worth pursuing even if the market disappeared.
Scalable businesses
Repeatable distribution. Defensible economics. Pricing that compounds with usage.
Technology-native
We don't add AI later. The companies we back are conceived inside the new operating system.
Social infrastructure
Housing, healthcare, education, energy. The dull-sounding categories that quietly determine how a society performs.
Responsible by construction
Governance, transparency and ethical considerations baked in at term-sheet stage — not retrofitted post-IPO.
The discipline of saying no.
- —Speculative or extractive bets
- —Businesses whose core economics depend on user harm
- —Sectors with no plausible path to durable advantage
- —Founders who have not yet been tested
- —Anything Eby would not personally use or recommend to family