stakes in our portfolio companies. We generally write a small check into rounds of $750k-$3M that are mostly full, being low pain-in-the-ass to entrepreneurs compared to relatively high value add. Having been entrepreneurs, we know that's the most important part.

While we'll invest anywhere in the US, we love "second tier markets" that can still support major exits but attract relatively less venture funding: Chicago, Toronto, DC, Baltimore, Atlanta, etc etc!