Insights · the honest read

What we’re learning as the harvest begins.

Our thinking on the inclusive-returns thesis, capital efficiency, and what the data says about backing overlooked founders — reported straight, wins and misses alike.

Featured · 2025

The 2025 Annual Report: the harvest begins.

Our fifth-year accounting of the inclusive thesis — the first realized exit, 5 of 13 companies profitable, and an honest read on where returns stand and what’s left to reclaim.

1st exit realized — the fund enters harvest

5 of 13 companies now profitable

8% loss rate vs. an est. 30–50% industry norm

Companies by sector

Portfolio at a glance · By sector

  • Climate 4
  • Deep Tech 2
  • HealthTech 1
  • AgTech 1
  • Media 2
  • Fintech 1
  • EdTech 1
  • Gaming 1

Thirteen companies across eight sectors and cities nationwide — most built far from the coastal venture hubs.

From the founder · Ed Talks

Follow the thesis as it proves out.