Ten Years of Research Capital Group

Ten years ago, on December 8, 2015, I formed Research Capital Group around a simple view: serious 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. That view has not changed. If anything, a decade of work has made me more confident that substance compounds and that fashionable narratives usually do not.

Over the last ten years, my thinking has become more concentrated rather than less. We remain focused on artificial intelligence, enterprise security, enterprise applications, and computing infrastructure because they continue to look like foundational layers of how modern organizations function. These are not isolated markets. They influence one another directly, and real improvement in one layer often creates second-order benefits across the rest of the business.

A decade also reinforces a practical lesson about time horizons. The work that matters most is rarely immediate. Durable software, resilient infrastructure, strong security, and useful intelligent systems are all harder to build than they first appear. They require technical depth, sound judgment, and a willingness to stay engaged after the initial excitement has passed. We have tried to keep our posture aligned with that reality rather than with whatever happens to be popular at the moment.

I also believe the next decade will matter even more than the first. The tools available to small, technically capable teams are improving quickly. Artificial intelligence, better infrastructure, and more automated operating environments are changing what a relatively small number of people can build and run effectively. That does not reduce the importance of discipline. It raises it. As systems become more powerful, the value of sound judgment, clear controls, and serious technical standards increases.

For RCG, the implication remains straightforward. We intend to stay selective, rational, and long-term in orientation. We would rather understand a smaller number of opportunities well than participate broadly without depth. We would rather back serious technical efforts, stay close to operating reality, and let good work compound over time.

Ten years is a useful milestone, but it is not the objective. The objective is to continue building a firm known for careful thinking, technical seriousness, and durable alignment with businesses that create lasting value. That is how RCG began, and that is how I expect it to continue.

Nate Clark
Founder
Research Capital Group