Investment Focus

We invest to win..

We only invest in areas we know and position ourselves for the highest probability for success by avoiding fads and only focusing on our strengths as a firm. We limit our industry focus to only those sectors that we expect to have the greatest potential for long-term growth and which overlap our areas of expertise. We identify these optimal industries to be the following:

Consumer Internet

The consumer web remains our major investment focus given its rapid rate of change and the ability to build scalable businesses in a short period of time. We are constantly on the lookout for bold innovators with game changing technology. The types of verticals we invest in include:

• Online Advertising
• Communications (Location & Mobile)
• Social Applications
• E-commerce

Cloud Technologies

Cloud computing continues to scale in North America, while gaining interest and early adoption abroad. The industry is expected to grow over 20% in the next four years as it matures. We will continue to look for investment opportunities within the three general cloud computing categories:

• Applications
• Platforms
• Infrastructure

Application, Software & Services

Many of the software and services technologies are robust and have rapid adoption in the marketplace. In particular, we expect innovative enterprise technology to continue evolving at a rapid rate. We are looking into invest in the following categories:

• Social Communication & Mobile Computing
• Technology-Enabled Services
• Enterprise Applications, Infrastructure & Security Software
• Medical Technology

Mobile & Wireless

Consumer and enterprise mobile and wireless technologies continue to show great long-term promise with rapid innovation in mobile platforms and applications. The current mass migration towards smartphones and tablets coupled with explosive mobile handset market penetration in emerging markets sets the prime environment for the next wave of entrepreneurial market leaders. We are monitoring these six areas to discover strong growth companies:

• Mobile apps
• Location based apps
• Mobile security
• Mobile payments/banking
• Mobile advertising
• Mobile games

Disruptive Technologies

Our ultimate goal is to discover those rare companies with truly original technologies and mass market potential. These companies often provide the highest growth potential and greatest rate of return for our investors. We acknowledge that such disruptive enterprises can emerge from any industry at any given time so we are always on the lookout for these unique innovators.