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  "documentTitle": "Not Boring Capital Fund I Update I Q2 2021 Newsletter",
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  "presentationDate": "2021-01-01 00:00:00",
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      "kind": "paragraph",
      "text": "Prices are certainly high right now -- the median post-money valuation in the portfolio is $62 million -- but I strongly believe that investing in top decile companies will outperform bargain hunting. As I've written about in the newsletter (See: Ramp), the best startups are getting bigger and more mature, and generating more revenue, more quickly.",
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      "kind": "paragraph",
      "text": "Bigger businesses, faster. I love to use that BVP Cloud Index “Years from $1M to $100M ARR” chart and overlay today’s fastest-growing companies.",
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      "kind": "paragraph",
      "text": "Many of you are familiar with this idea, so I'll just use a couple of examples to highlight that 1) companies are actually building bigger businesses faster, and 2) the upside for the best companies is higher than ever.",
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      "text": "From a vertical perspective, the winner both by number of investments (6) and dollars invested ($525k) is fintech, with a focus on investing tech (Composer, Party Round, Embedded, Stonks). Here's the rough breakdown by vertical:",
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      "text": "Vertical | Invested | Number\nFintech | $525,000 | 6\nAI/ML | $399,999 | 2\nConsumer | $364,201 | 5\nB2B Marketplace | $199,999 | 2\nMetaverse | $100,000 | 1\nHealthcare | $99,993 | 1\nSaaS | $50,000 | 1\nCreator | $25,000 | 1\nweb3 | $20,000 | 1",
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