Investment Criteria
Three filters applied before any opportunity reaches deep diligence authorization.
Thesis Alignment
Sector exposure must map to the principal's long-horizon conviction: technology infrastructure, emerging market platforms, or deep-tech with defensible IP moats.
- Market leadership potential vs. current share
- Competitive moat and switching cost analysis
- TAM validation and growth trajectory
Governance Standards
Board composition, founder incentive alignment, and liquidation preference structures are evaluated as primary investment risk factors — not afterthoughts.
- Pro-rata rights and information rights
- Liquidation preference and anti-dilution terms
- Founder vesting and cliff structures
Capital Discipline
Runway validation, burn rate against milestones, and next-round timing are stress-tested before first deployment. Capital efficiency is treated as a governance signal.
- Runway and milestone cash-out modeling
- Unit economics and CAC/LTV analysis
- Follow-on reserve allocation