The Software
Supremacy
A mathematical framework for exploiting the structural advantages of cloud-native and agentic software monopolies.
Part I: The 'Why'
We invest exclusively in B2B application software because it possesses the most superior business model in the history of capitalism. Unlike physical infrastructure or consumer hardware, software benefits from zero marginal costs of reproduction, driving gross margins systematically above 75%.
Compounding NDR
Net Dollar Retention (NDR) intrinsically scales. An elite software firm with 120% NDR grows output by 20% annually even if they never sign another new logo.
The Agentic Transition
We are leaving the GUI era. Tier 4 AI systems and Agent-Native architecture now command pricing power based on labor displacement (usage), not seat licenses.
Our thesis isolates legacy CapEx monopolies and tracks the transition to cloud-native OpEx. By identifying API-first architectures with robust ecosystems, we lock onto durable competitive moats before they are fully priced by legacy Wall Street analysts.
Part II: The 'How'
Qualitative moats must be verified by quantitative execution. We grade the software universe using strict mathematical criteria to separate structural winners from transient hype.
Investment Criteria 1: The Rule of 40
Investment Criteria 2: EV / NTM Multiples
Deploy the Framework
Access the Live Database to cross-reference our thesis against real-time Wall Street data.
Launch Intelligence Grid