What I like to Invest In

The two things I’m looking for

I’m constantly iterating how I articulate what I love to invest in. As I’ve spent the last several weeks preparing for our upcoming AGM, I had a chance to reflect on the through line of our investments. The common theme?

Credible and crazy.™️

We ultimately want two things: (1) insanely credible founders, and (2) ideas that sound insanely crazy. The hard work lies in understanding whether the founder is truly credible, and if the seemingly crazy sounding idea can be systematically derisked. It’s an art!

Here’s a chart that compares this with other investment approaches:

Some examples:

• Space manufacturing from a founder who helped build the Dragon Capsule

• Nuclear reactor design from a special projects engineer that developed rocket reusability

• MRI guided neurosurgery from an engineer that built cutting edge MRI machines and studied neurosurgery in med school

Credible and crazy is the way.