The practice
Mendocino, California.
Since 2016.
Nothing in the natural economy moves at the speed a two-year fund cycle expects.
A timber operator will trial your software for three seasons before signing. We size the first cheque so a company can survive that, and we tell founders the truth about it before the term sheet rather than after.
Our partners have run a mill, a hatchery and a water district between them. That is the whole thesis: we have already waited out the cycle we are asking you to survive.
The pilot that survives a winter tells us more than any forecast.
What we look for
A founder from the industry
Someone who has worked a season in the business they are now selling to.
One operator already paying
However small. A signed contract beats a letter of intent every time.
Runway measured in seasons
We size the round for three of them, not for four quarters.
The year your customer is having
Why we fund eighteen months, not twelve
Winter
Nothing ships
Contracts are signed, crews are trained, and no revenue arrives.
Spring
Trials start
The first operator runs your software on one line, watching it.
Summer
Peak load
If it breaks, it breaks now. This is the quarter that decides the year.
Autumn
The renewal
Budget is set for next season. One conversation is worth twelve months.
People
Twenty-five people, grouped by what they are responsible for.
Leadership 5
Aaron Beaumont
Managing Partner
Anna Pemberton
Managing Partner
Douglas Ingram
General Partner
Grace Thistlewood
General Partner
Grace Yardley
General Partner
Investment 10
Karen Delacroix
Partner
Karen Sherwood
Partner
Kenneth Rothwell
Partner
Kenneth Somerset
Principal
Peter Sterling
Principal
Robert Marlowe
Principal
Sharon Quincy
Investor
Arthur Whitcomb
Investor
Constance Halloway
Investor
Curtis Sedgwick
Investor
Platform and operations 10
Rosalind Chadwick
Head of Platform
Bernard Merriweather
Head of Talent
Josephine Wadsworth
Head of Research
Norman Garrick
Chief Financial Officer
Harriet Radcliffe
General Counsel
Warren Carrington
Director of Data
Lydia Larkin
Director of Communications
Edmund Underhill
Investor Relations
Cecilia Fairbanks
Head of Operations
Hugh Quimby
Portfolio Controller
Open role
We are hiring an investor for the water practice.
Four years in utilities, hydrology or water rights, and a willingness to spend a third of the year on site.