MCP - FOUNDED FOR THE BOLD

FEATURED / 2026

ANNUAL LETTER

The courage to build through uncertainty

The defining companies of the next decade are being built now—by founders who see possibility where others see volatility.

Read the perspective ↗

Latest thinking

PERSPECTIVE · AI

When Intelligence Is Abundant, How Do Companies Build a Real Moat?

AI is rewriting products, organizations, and competitive advantage. Proprietary data, distribution, and execution speed will become the real scarcities.

READ ↗

ANNUAL RESEARCH · MARKETS

Through the Cycle: The 2026 Global Innovation Capital Outlook

From liquidity and valuation to industrial migration, five structural forces are shaping the next innovation cycle.

READ ↗

SECTOR INSIGHT · HEALTHCARE

Computational Biology Is Redrawing the Boundaries of Drug Discovery

A new generation of platforms connects experiments, data, and models—making R&D faster, more precise, and more scalable.

READ ↗

SECTOR INSIGHT · CLIMATE

A New Era of Power Demand: The Energy Opportunity Behind AI Infrastructure

The expansion of data centers is reshaping generation, storage, grid software, and infrastructure investment.

READ ↗

FOUNDER STORY

From Lab Breakthrough to Global Product: The Critical Leap to Commercialization

Great technology needs sharp product judgment, strong organizational design, and patience with market timing.

READ ↗

INVESTMENT APPROACH

The Compounding Power of Long-Term Capital

When markets focus on quarterly changes, we focus on value-creation logic that still holds a decade later.

READ ↗

The courage to build through uncertainty

Latest thinking

When Intelligence Is Abundant, How Do Companies Build a Real Moat?

Through the Cycle: The 2026 Global Innovation Capital Outlook

Computational Biology Is Redrawing the Boundaries of Drug Discovery

A New Era of Power Demand: The Energy Opportunity Behind AI Infrastructure

From Lab Breakthrough to Global Product: The Critical Leap to Commercialization

The Compounding Power of Long-Term Capital

Ideas worth carrying forward.