Three converging frontiers
We invest where distribution, transaction, and intelligence meet — because the next generation of category leaders will be built at that intersection.
Social media technologies
Platforms, creator tooling, and distribution infrastructure that shape how billions of people communicate. The social layer is being rebuilt around AI-native feeds, creator ownership, and interoperable identity.
Explore social media →Agentic commerce
Software agents are becoming buyers, sellers, and negotiators. We invest in the payment rails, trust layers, and protocols that let autonomous transactions happen safely at scale.
Explore agentic commerce →Artificial intelligence — development, governance & security
AI is the defining technology of this decade, and the companies that build it responsibly will define the next. This is where we concentrate the majority of our attention and capital.
Read the full AI thesis →Why one thesis, not three
Social platforms generate the demand, agents execute the transactions, and AI powers both — which means governance and security failures anywhere in the chain cascade everywhere. Investing in all three is how we underwrite the whole system.