We do these things not because they are easy, but because they are hard.

We invest in the visionary founders whose futures are not yet written but are already glowing with potential. Our firm looks beyond the surface to identify and nurture the nascent brilliance within early-stage ventures.
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Lovable
The race to reinvent software.
Daft Fund I
Seed
2025
The Bot Company
Teaching machines to care for people.
Angel
Seed
2024
ARMR
Automating the heavy work of tomorrow.
Angel
Seed
2023
Legora
Rewiring legal work.
Daft Fund I
Seed
2023
Varda Space
Manufacturing beyond earth.
Angel
Series B
2022
AIM Intelligent Machines
Empowering conversations between humans and AI.
Angel
Seed
2021
Mercury
Powering the next generation of founders.
Angel
Series A
2019
Remote
Enabling work without borders.
Angel
Pre-Seed
2019
MindMed
Psychedelics as a therapeutic.
Angel
Pre-Seed
2019

What's new

Legora raises $150M Series C Led by Bessemer Venture Partners
October 30, 2025
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AI Vibe Coder Lovable Is Sweden’s Latest Unicorn
July 5, 2025
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AIM Automates Construction and Mining with World’s First AI Platform for Heavy Machinery, Announces $50 Million in Funding
June 10, 2025
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Legora Announces 80M Series B Funding
May 1, 2025
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Fintech Banking Startup Mercury Raises 300 Million at a 3.5 Billion Valuation from Sequoia
March 2, 2025
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Essays

Startups are eating the S&P 500
Latest Essay

Startups are eating the S&P 500

Marc Andreessen nailed it: the S&P 500 is really the S&P 8 and everyone else is asleep at the wheel. As trillions in legacy sector value face insurgent startups moving faster and cheaper, the index is quietly being devoured from within.
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More writing
The Top 1% of the Top 1%
Terminator and Agent Smith
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