We have been fortunate to have backed many industry-defining companies that have transformed the digital age. From our McAfee investment in 1991 that pioneered the internet business model for distributing anti-virus software to our E-TEK Dynamics investment in 1997 that revolutionized the optical sub-systems industry to light the long-haul fiber optic backbone critical for the internet to flourish.
Starting in 2010, we were inspired by a new crop of exciting start-up companies poised to disrupt the incumbent market leaders. Recent AI progress has given us a glimpse of what’s to come in the next few years. We’re living at a pivotal moment in the history of technology. AI problems that went unsolved for decades are finally yielding to large models, and the scaling hypothesis continues to hold, while there are many fruitful directions in improving current techniques. This suggests we’re nowhere the limit of what’s possible.
We were fortunate to partner with Stripe, Trade Desk, Databricks, SpaceX, OpenAI, Anthropic, Hugging Face, Palantir and Robinhood among others. More than a venture investment, these companies represent a transformational shift in how they serve their customers. We are in awe of their achievements and the vision of their founders.
We are patient capital with no pre-defined timeframe for realizing liquidity because 100% of our invested funds are our own. This is our central life’s work and demands duration and persistence. Our investments tend to be $250k-1M in sectors spanning technology, climate tech and health care.
Through our pre-seed and seed entity, Firestreak Ventures, we invest $50-150k in AI/ML infra, open-source, cybersecurity and vertical AI/SaaS.