Investing/Private growth-stage

The companies that will define this cycle, still private.

Some of the companies that will define this cycle are still private, SpaceX, Anthropic, and a handful of others at the center of AI, energy, and frontier technology. They're years from a public listing, and they're some of the most consequential businesses being built today.

  • We surface growth-stage companies through our angel activity and our LP relationships, the same network described under Angel investments and Fund of funds.
  • We do our own research on every name, applying the same process we use for public equities.
  • Where we have both conviction and access, we invest.

Well-known growth-stage companies, included to illustrate the kind of business we research.

This list is illustrative, it does not represent current holdings, available allocation, or guaranteed access to any company.

Placeholder

User: confirm which names to show publicly, and replace or trim to match what MM actually researches and follows.

  • 01

    SpaceX

    The default infrastructure layer for getting mass to orbit. Starlink turns that launch advantage into a recurring, global connectivity business with few credible competitors, a rare case of a frontier-technology company with both a hardware moat and a compounding subscription model.

  • 02

    Anthropic

    A frontier AI lab competing at the model layer with a differentiated safety-first posture that increasingly matters to enterprise buyers. Exposure to the core of the AI cycle, with revenue scaling faster than almost any company in history.

  • 03

    OpenAI

    The company that brought AI to mainstream adoption and still sets the pace at the application and model layers. A bet on the category leader continuing to convert research lead into consumer and enterprise distribution.

  • 04

    Anduril

    Defense technology built like a software company, autonomous systems and a common operating platform, sold into a buyer (the U.S. and allied militaries) that is re-tooling for a new era.

    Placeholder

    Confirm relevance to MM's research focus before featuring.

  • 05

    Databricks

    The data-and-AI platform enterprises standardize on to run their own models. Picks-and-shovels exposure to every company that needs to put its proprietary data to work.