When thinking about how to compound capital over time, and importantly how to enjoy our work along the way, our belief system as investors has pointed towards finding businesses that are objectively meeting customers and employees where they want to be.

When we first started investing professionally, we never thought there could be so much room to evolve our investment process.

The definition of sustainability is, “Able to be maintained at a certain rate or level.” When we were first asked years ago if our portfolio companies were “sustainable,” we said, “Yes!” Then, we received feedback from clients and realized, “We’re gonna need a bigger boat!”

Businesses are collections of people. How can we understand a business without a view on its key people, company culture, and the company’s overall ability to attract and retain industry talent?