Founder Letter

Research Capital Group was formed around a simple idea: important technology businesses are usually built over long periods of time, and they benefit from patient capital, close operating attention, and a clear understanding of the systems underneath them. We are not trying to cover every area of the market. We intend to focus on a small number of areas where technical depth, disciplined execution, and long-term conviction can produce durable results.

My background has shaped that view. Much of my work has been around software, machine learning, security, computing infrastructure, and the practical work of building systems that have to perform reliably in the real world. That tends to make one skeptical of fashion and respectful of substance. In our judgment, the most attractive opportunities are often found where the work is difficult, the time horizon is longer, and the value created is rooted in real operating leverage rather than presentation.

At RCG, that means we will concentrate on artificial intelligence, enterprise security, enterprise applications, and computing infrastructure. These are foundational layers of the modern economy. Improvements in them do not simply create better tools; they change how organizations operate, how they defend themselves, how they allocate labor, and how they scale. We believe that businesses with genuine technical advantage in these areas can compound value for a very long time.

It is also my firm belief that within 20 years there will be mid-sized companies that are largely autonomous, with only a few hundred employees, and that are largely run by numerous AI systems with expert human oversight. I do not view that as a novelty. I view it as a logical extension of what better software, better infrastructure, and better decision systems make possible. If that proves correct, it will reshape how strong companies are built and operated. RCG intends to be positioned accordingly.

Our job is to remain selective, rational, and patient. We would rather understand a few opportunities well than pursue many superficially. If we do our work properly, RCG will be known for backing serious technical efforts, allocating capital with discipline, and staying aligned with businesses that create lasting value.

Nate Clark
Founder
Research Capital Group