Why venture capital hasn't innovated while hedge funds went from people to computers

hedge funds, which is a much older industry than us, they've been around for a lot longer, but they used to be rooms full of people. Now they're rooms full of computers. Or even, like, the fundamental technology that we invest in has shifted so much. It used to be like on prem, then we had, you know, cloud, mobile, and now AI. You have all these big platform shifts. And then venture the product is kind of weirdly not that innovative. And so that's what we need to do. We're essentially a fund that combines three, I guess, three aspects. The first one is, like, very deep thematic research. So we go super deep on a vertical that we like. We map it out. We talk to everybody. We build a hypothesis, and then we invest in our own conviction. We don't really care what the market is doing or what others are thinking. The second one is data driven. So we obsess over data. We ingest huge datasets. We use it at the core of everything, every decision that we make. And the third and probably the most unique aspect of us is that we build software.