samhuleatt.com

Investing

I think of early-stage investing as voting for the future.

Howard Marks has said there are only three ways to win as an investor:

  1. better analysis of current data
  2. better qualitative judgment
  3. better insight into the future

The second is where I focus underwriting from the bottom up, starting with the person.

Traits I look for

Independent Conviction

  • Forms earned, non-obvious views before consensus
  • Acts before the market gives permission

Learning Velocity

  • Turns new evidence into better judgment quickly
  • Compounds with every rep, mistake, and conversation

Locus of Control

  • Creates outcomes instead of waiting for them
  • Repeatedly finds a way when the path is unclear

Magnetism

  • Attracts founders, talent, mentors, and capital
  • Makes serious people want to help, follow, and bet
Areas of interest

I love supporting ambitious founders and GPs before it’s obvious.

B2B is what I understand best, and I gravitate to outlier people solving hard, technical problems.

Give me hard spikes over polish.

Kevin Weatherman and I often co-invest through Intangible LLC.