I made my money on making and selling my last company. Investments are 100% are out of my own funds and there are no LPs for me to serve.
I invest in B2B SaaS companies that
- Create tools to empower supply constrained professionals where the market expects the tool to replace the professional. The professionals in question should have a high variance in the quality of the work they deliver. This is critical to ensuring the tool allows low performers to compete, and to be a force multiplier to high performers. Classic example is Quickbooks.
- Software should support a process that will continue to exist due to human nature and won't be upended by rapid tech shifts. For example, I no longer invest in AR/VR unless there is an underlying story of how the company will persist even if the AR/VR hype cycle were to die.
What I do care about:
- Founders should be located in the US, and the primary customers should be US organizations
- Founders can clearly articulate why they are right for the market they're working in
- The rate of growth in the market
What I don't care about:
- The stage of the investment. If you're raising a Series B and believe I can somehow be helpful, feel free to reach out.
- Search.io - Exited to Algolia
Typical investments are done on a SAFE, with a total investment of less than $50k. I don't have a maximum cap or discount and evaluate this on a deal by deal basis.
If I invest in you, here is what you can expect:
- Emotional support. I have been a founder, I know the rollercoaster.
- Deck reviews
- Product reviews
- Introductions to customers or investors
What I will expect:
- You act in an ethical manner
- Monthly updates consistently delivered without my chasing them