The Opportunity
Emerging consumer-facing tech businesses have taken a quantum leap forward over the last year as adoption and usage have accelerated dramatically. There has been a structural shift to online, and it is here to stay.
Some of these consumer businesses are high quality, with enormous customer captivity, desirable sustainability characteristics, strong returns on incremental invested capital, and large TAMs. They have proven that what they do works, and they are now ready to scale. In short, they are at an inflection point.
Why Now?
We believe most investors don’t yet fully appreciate the transition that has taken place, and our goal is to acquire one of these businesses, strengthen its capitalization so that it can confidently invest in growth for the long term, and add value through the brand and business building experience that our board brings to the table.