JAPAN

Everyone reads the Fed minutes. Nobody reads the Bank of Japan policy statements. That is where the real action is. Japan is the canary in the coal mine for every fiat currency.

Our best returns are in Japanese PE.

Japans late-stage startups were starved of growth capital, and closing that gap is the whole reason Minerva exists.

We back growth-stage companies that have already found product-market fit and can scale toward ten billion yen in sales.

The best startups and the biggest corporations should be connected, not kept apart.

Japan fell behind in the startup era. My job is to help it catch up.

There's no Y Combinator of Japan, there's no Andreessen Horowitz of Japan, no Founders Fund of Japan.

We're looking for the next Toyotas or the Sonys in Japan.

Probably 80 to 90% of the investments that we make fall into this overarching 'why Japan' theme.