Why a studio, not a fund
Most venture is a coverage problem. Read a thousand decks, write thirty checks, trust the math to find two outliers. It's a real craft — but it's a craft of saying no, and the best day at work is the day someone else's company gets bought.
We've spent the last decade on the other side of that table. Writing the code. Hiring the first engineer. Killing features that didn't earn their weight. That work is slower, harder, and far more interesting than reading pitches.
A studio is a bet on conviction over coverage. We'd rather be deeply wrong about three companies than shallowly right about thirty. So we pick the ones we want to live inside for years — and then we live inside them. Sometimes the help looks like capital. More often it looks like a working session at 11pm.
The funds we admire are operator funds — built by people who shipped before they wrote checks. We took the inverse: we kept shipping, and the checks came along the way. Both paths are honest. This one is ours.