Meet Zal Bilimoria, founder & solo GP at Refactor Capital, a seed-stage fund focused on bio, climate, energy, aerospace, and other hard-but-world-changing industries.
We discuss his 10-year journey building Refactor, how his product years at Google/Netflix/LinkedIn shaped his investing lens, and what he learned from launching A16Z’s first bio fund. We talk portfolio construction, ownership discipline, navigating follow-ons in an AI-inflated market, and how he supports founders in the fast, messy early days.
Zal also discusses setbacks, down rounds, pay-to-plays, and the moments that shaped his perspective as an investor and partner to founders.
The Dart Board with Daniel Dart