We invest in Fundamentals


  • Purpose Driven

    We are privileged to invest on behalf of institutional investors, most with charitable, educational, or non-profit missions. Serving entrepreneurs is a calling for us, and we look to partner with companies with an equally strong sense of purpose.

  • Founder Oriented

    The world’s most iconic companies have been built and run by founders.  We prefer to partner with management with an ownership mentality – leaders with a vision for the future, creating value for all stakeholders, with an eye on the bottom line.

  • Fundamentals Focused

    We make initial investments in early-stage companies tackling emerging consumer and enterprise opportunities.  We look to partner with management to build world-class businesses based on strong operating fundamentals and attractive unit economics.

  • Uncommonly Patient

    We are known for our uncommonly patient approach to building companies.  We look for opportunities to deepen our relationships with high-performing companies, and can make significant capital commitments more than a decade after our initial investment.

  • Contrarian by Nature

    We don’t chase trends or hot sectors.  We work from first principles, evaluating each team, company and market on its independent merits.  We avoid overfunded areas and prefer companies taking idiosyncratic approaches to solving big problems.



Anthony Lee

Anthony is a member of the Altos investment team. Before joining Altos in 2000, Anthony led marketing efforts for three start-up companies, the first of which was Altos-funded Evolve Software. Anthony began his career at McKinsey & Company. Anthony serves on the nonprofit boards of TechSoup Global and C100, the latter which he co-founded. Anthony previously served as a term member of the Council on Foreign Relations and has contributed to bipartisan taskforces on cybersecurity and Internet policy. Anthony received his MBA from Stanford University and earned an AB in Politics from Princeton University.