Introducing Not Boring Capital: A Venture Fund with a Story to Tell
Hatched by Kazuki Nakayashiki
Sep 22, 2023
5 min read
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Introducing Not Boring Capital: A Venture Fund with a Story to Tell
Not Boring Capital is an $8 million venture fund that invests in companies with compelling stories and helps them share those stories with the world. With a focus on Seed through Series B companies, Not Boring Capital aims to support startups at various stages of their growth journey. Led by Packy McCormick, a skilled investor and talented writer, the fund leverages the power of storytelling to drive success.
Fintech: A Leading Vertical for Not Boring Capital
Within the investment landscape, fintech stands out as the leading vertical for Not Boring Capital. With six investments totaling $525k, this sector has captured the fund's attention. Investing in fintech companies with a focus on investing technology, Not Boring Capital recognizes the potential for significant returns in this space.
Core, Explore, and Growth Investments
Not Boring Capital follows a strategic approach to investing, categorizing their investments into three main types: Core, Explore, and Growth. Core investments represent the bulk of their portfolio, with the potential to generate substantial returns in the best-case scenario. These investments make up approximately 75% of the total dollars invested.
Explore investments, on the other hand, are smaller in size but offer high upside potential. The goal of these investments is to secure a seat in the next funding round or increase deal flow. While individually they may not be expected to deliver significant returns, they contribute to the overall growth and success of the fund. Explore investments typically account for 5-10% of the invested dollars.
Finally, Growth investments are targeted at later-stage companies or those with a lower-risk profile. Although these investments may have a lower ceiling, they come with a higher floor. Representing approximately 20% of the invested dollars, the collective returns from these investments should be able to recoup the fund's initial investment.
The Power of Writing and Investing
Packy McCormick, the driving force behind Not Boring Capital, believes that his skills as both an investor and a writer complement each other. Writing has made him a better investor, enabling him to articulate his thoughts, analyze companies, and communicate his ideas effectively. Simultaneously, his experiences in investing have enhanced his writing, providing him with unique insights and stories to share.
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