Portfolio
Each holding exemplifies the thesis of building competitive enterprises that distribute value broadly. This is stewardship capital: not charity, but architecture.
We are at a lineage break. The emergence of AI-Born enterprises—companies where AI occupies the machine core and humans occupy the strategic cortex—represents a fundamental discontinuity in how value is created and distributed.
Our holdings demonstrate that the choice to build for distribution is not a sacrifice of competitive advantage but an embrace of it.
Adaptic Holdings
The operating system for AI-native asset management. Adaptic demonstrates that AI-Born architecture can operate in regulated financial services while maintaining stakeholder orientation.
Proves that AI-Born enterprises can compete in highly regulated industries without sacrificing distributed value creation.
Future Thesis Lab
A venture capital firm investing in founders building AI-Born enterprises that embrace distributed ownership and stakeholder-oriented governance.
Operationalizes stewardship capital at the venture stage, actively seeking founders who recognize the lineage break.
AI-Born
The book that articulates the core intellectual framework: the lineage break created by AI, the emergence of AI-Born architecture, and the fundamental choice between concentration and distribution.
The theoretical foundation that transforms stewardship capital from aspiration to architecture.
Foundation for Collective Prosperity
A New York-based private foundation dedicated to education, formation, and community capacity building for the transition to an AI-Born economy.
Addresses the cultural and social infrastructure necessary for stewardship capital to flourish at scale.
The Architecture of Distribution
These holdings are not isolated bets. They form a coherent ecosystem: a theoretical foundation, operating companies proving the thesis in practice, a vehicle for extending the approach to other founders, and an investment in the human capacity necessary for the transition.
Together, they demonstrate that stewardship capital is not an abstraction but an architecture—one that can be built, scaled, and sustained across sectors, stages, and stakeholders.
Explore Our Approach
Learn more about the stewardship capital thesis, our investment philosophy, and how we work with founders building for distribution.