Investing in the future replacing the past.

Milton Maxwell is a research-driven investment firm at the intersection of AI and finance. We invest in the public companies and emerging industries reshaping how the world works, and we use AI throughout our own research process to find them.

Based in
San Francisco
Hong Kong
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Investing

A directional view on the AI buildout.

Invested across the life of a company, public equities, private growth-stage, angels, and funds, plus the deal flow we work within our network.

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Writing

Essays and notes on companies, capital, and the technology cycles that move them.

Published as we work. Long-form essays alongside monthly updates from the desk.

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About

Two principals, 30 years in tech and investing between us.

Building Milton Maxwell out of our space at SF Patchworks, surrounded by the engineers and operators whose work shapes the companies we follow.

Meet the firm
Latest writing

We write publicly about how we think and the companies we follow. Essays and monthly notes from the desk.

All writing
Why the name
Friedman · portrait to come
1912 – 2006
Economist

Milton
Friedman

Nobel Prize–winning economist and champion of free markets who showed how economic freedom drives innovation and prosperity.

Read about Friedman Milton Friedman
Maxwell · portrait to come
1831 – 1879
Physicist

James Clerk
Maxwell

Scottish physicist whose electromagnetic equations set off the electrical revolution that has powered much of human progress over the past 150+ years.

Read about Maxwell James Clerk Maxwell
The synthesis

Free markets and technological innovation, the twin engines of human flourishing.

We write publicly about how we think and what we're watching.

Read our latest, or reach out if you'd like to be in touch.

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