The Evolution of Investment Strategies in Infrastructure

Investment strategies in the infrastructure space have evolved significantly, particularly with the advent of new technology waves such as cloud and AI. Historically, the emergence of cloud technology reduced the costs associated with starting businesses, which allowed more innovative ideas to surface. As the market shifted, the firm adopted a specialized approach, focusing on founders with a clear vision and an intimate understanding of pain points in their respective industries. This has fostered a culture of 'inception investing' where early-stage investments are made with an emphasis on specialized knowledge and the ability to identify potential market opportunities.