INVESTING, NOT GAMBLINGThe current Angel/VC model has too much money trying to find the next AirBnB or Uber. When the stakes are a 1000x return and you need to put tens of millions of dollars to work, you can't look at small projects and you don't bet on 'only' doubling your investment.
We think that's a huge mistake. Small scale, crucial services exist everywhere around the world, and they can create useful, thriving businesses. Just like gambling, those rare big wins blind investors to what really makes businesses - hard work, focused on building the business, not pleasing investors.
KEEPING PROFITS LOCALKey to a region's success is keeping profits local, rather than taking them away. This is true of both financial profits and the encouragement and development of talented entrepreneurs. We don't yet have a concrete plan, but our intent is to ensure the overwhelming share of any profits we make are cycled back into the local economy. And the more success, the more responsibility we have to make sure we do this.
Not being focused exclusively on financial profits, we want to build enduring businesses, not acquisition targets in which the long term benefits accrue to outsiders. We want to foster skill development, access to mentors, clean energy & accessible electrification, environmentally responsible agriculture, and businesses that can be a force of good instead of destruction.