For us at swell — Fund size is determined by the *average check size we feel very confident of* — while each check being around 4% of the total fund Goes back to high conviction or none Goes back to judgement — picking winners and getting the winners to pick us

What makes a “lead investor”? I think it’s not about % of the round they invested, but rather, did they lead with conviction — what % of the fund did they invest

In business — Insider edge + outsider mindset is a powerful combination

Best partner in the 🌎 to build Swell Partners with 🙏🏽

Pumped to play this (long) game with Rusty, our LPs and the incredible founders doing their life’s work

This is earned insight…there’s no fixing this. having instinct around who to hire is the single greatest superpower a founder can have. And sometimes, it’s binary

There are two things that matter in VC that you don’t hear much about on VC podcasts Judgement (picking winners) & DPI Glad to be in the top decile club

There's a lot of brand-building in VC, at Swell Partners our brand is built around doing the work most GP's shy away from

Sums up the principal-agent problem in venture

🇺🇸 I was fortunate to meet and hear retired US Space Force General and the first Chief of Space Operations of the @SpaceForceDoD, General John Raymond, speak at the NYSE 🏛 Space Summit Key insights from General Raymond on America's future in space defense:

Awesome convo with Nick Nick Moran on Swell Partners and how we’re bucking current trends — invest in great people, invest in the shit that matters, and eventually with some luck, you might produce this magical thing called DPI

Imagine putting air filters in all Indian homes

Pumped to welcome RyboDyn to the swell fam - pioneering the "discovery-as-a-service" model to shift the paradigm in pharma r&d and personalized medicine prnewswire.com/news-releases/…

Huge congratulations to Alex Greenberg, Pierre, and the Loft team for staying audacious, humble, and obsessed with driving value for their customers. The insane complexity they've abstracted to simplify space access demonstrates their determination to solve the hardest

How about multiple agents — all accessing information across your work in a compliant, secure way — Credal.ai

When Rusty and I started investing as a team 14 years ago, we decided to put two constraints in place to stay disciplined - fund size (stay small, laser focused) and check size relative to fund size (high conviction, concentration)