We are constantly inspired by relentless founders tackling big problems globally and intellectually curious about searching for massive opportunities driven by emerging technologies. That's why we decided to professionalize our investing side hustle via 10K Ventures — investing our own capital, time, and network to back founders, funds, and businesses.
Invested alongside Tiger Global, a16z, Softbank, Alter Global, Founders Fund, Sequoia Capital, local VCs and angels, and more.
Track Record so far:
Portfolio: https://www.crunchbase.com/organization/10kv/recent_investments
We have limited capital but ambitious targets, hence we are astute and disciplined in finding these deals. Each deal we make shall be backed by strong convictions that it could return >200x of our investment.
We care about returns and probability of success as much as entry valuations. We acknowledge that serial entrepreneurs or repeat founders could demand a higher valuation in exchange for a “de-risked” premium on team and execution. But at the same time, sometimes the big winners are further driven by external forces. Either way, what we’re looking for is to find opportunities backed by a strong conviction of achieving massive total value creation potential…
…which leads us to…
We like LARGE TAMs as this indicates how big the revenue potential is going to be (=valuation in the long run). We don’t just mean large top-down hypothetical market sizes, we want to have strong convictions that there is a clear path to a certain scale and we do this through bottom-up calculations and clearly understand what needs to be true in order to reach that level of scale and impact.
Our bare minimum is for us to see a clear path to at least $100M Annual Rev RR or ARR potential.