Back ideas.
Think in years.

Take part in
what comes next.

I am interested in businesses that change how people live, work and spend their money. Investing lets me participate in that progress, with capital committed to an outcome rather than interest from the sidelines.

I invest with the aim of growing my capital over time. Learning is part of the process, but an interesting company still needs to make sense as an investment.

A share is a stake
in a real business.

Behind the price are customers, costs, decisions and people. An investment gives me exposure to how that business performs; it does not give me control over its future.

A good product, a good company and a good investment are connected, but they are not interchangeable. The price paid, the rights attached to the shares and the risks taken all matter.

Useful products.
A reason to endure.

I start with the problem being solved and the people willing to pay for a solution. I want to understand why they choose this business, what keeps them coming back and how it could sustain itself as it grows.

That means asking about execution as well as ambition: how the business earns money, uses capital, responds to competitors and communicates when things become difficult.

These are questions that guide my thinking, rather than claims that every company in the portfolio already has all the answers.

Different stages.
The same questions.

Private companies let me follow businesses while their products, markets and models are still developing. Public companies offer another perspective: established operations, published results and market expectations that can be tested against the business itself.

I do not need every investment to fit one sector or stage. I do need a reason for owning it that goes beyond its popularity.

My investments may be made through investment platforms, public markets or direct opportunities where appropriate. I generally participate as a minority investor rather than leading funding rounds, and each commitment is considered on its own merits.

My interests are not restricted to a particular industry. I consider opportunities across the United Kingdom, Europe and the United States, subject to availability, eligibility and applicable investment restrictions.

Patience needs
honest judgment.

Thinking in years does not mean assuming everything will work out. Private shares can be difficult to sell, further fundraising can dilute ownership, and both private and public investments can lose all their value.

I want to ask what could go wrong alongside what could go right. What assumptions am I making? What would change my view? What am I paying for expectations that may never be met?

Patience is useful when the reasoning still holds. It should not become a reason to ignore new information.

Keep the record.
Refine the thinking.

This thesis is a statement of how I want to approach investing. It can develop as I learn, and the portfolio will reflect decisions made at different points in that journey.

The company register separates active holdings, pending allocations and archived positions so those differences remain visible. An investment’s presence is part of my record, not a conclusion about what someone else should own.

Good businesses.
Open conversations.

I'm interested in understanding what founders are building, the problems they're solving and the opportunities they see ahead.

I value clear communication, realistic expectations and a willingness to discuss both the strengths and challenges of a business.

I approach investment opportunities individually. My interest in a company does not guarantee participation, and any decision depends on the circumstances, available capital and my assessment of the opportunity.

I generally participate as a minority investor rather than taking an operational role in the businesses I back.