The best returns come from getting in early, when a company is just a founder and a conviction.

China's best companies were not obvious at the start. The job is to see them before they are.

chinaearly-stageInterview

I spent years inside the software business before I ever invested. That teaches you how companies really buy and sell.

We stay in the sectors we understand. Technology, consumer, healthcare. Outside that, we are just guessing.

disciplinefocusInterview

Back the founder first. A great person in a rough market beats a weak person in a great one.

early-stagefoundersInterview