Firm
Investment philosophy.
Six principles that govern how Uru evaluates opportunities, allocates capital, and participates in revenue. Every decision the firm makes should be traceable to one of them.
- 01
The constraint is the thesis.
Every allocation is written around a specific, named growth constraint. If the constraint cannot be named, the memo cannot be written.
- 02
Attribution before capital.
The firm does not invest unless the revenue that would be created can be isolated in reporting. Attribution defines the deal.
- 03
Discipline over volume.
The firm underwrites fewer businesses than it reviews. Underwriting fewer, more carefully, is the only way to underwrite well.
- 04
Compensation follows outcome.
The firm is paid by revenue attributable to its investment. Not by hours. Not by ownership. Not by scope.
- 05
Every artifact is written.
Applications, memos, scores, declines, and reports are documented. What is not written did not happen.
- 06
Alignment is structural.
The firm's economics and the Portfolio Company's growth are the same sentence. Anything that separates them is a design flaw.
Cross-reference