Our investment theses are tested propositions on where we believe value will emerge.
Daily puzzles and learning streaks have become a ritual for tens of millions of people. A streak turns a game or a lesson into a habit that lasts for years, and that is exactly the kind of loyalty we invest in.
We look for daily word, logic and number games, and learning and habit-building apps with loyal, returning players.
Most older adults now own a smartphone, and their number grows every year with demographics. They are the users who value familiarity most: once an app fits their routine, they keep it and prefer that it does not change under them.
We look for simple calendars, reminders, large-type utilities, photo and family apps, and games built for clarity rather than speed.
Higher living costs have pushed people to track their money closely. A budgeting app holds years of a person’s financial history, which makes it one of the stickiest tools on a phone. When a large provider walks away, its loyal users need a new home.
We look for budgeting, expense, bill-splitting and savings-tracking apps. Tools for tracking, not financial advice.
Our operating principles describe how we create differentiated, long-term value in the apps we own.
Every change is judged by what it does for the people who already use the app, not by what it might do for growth.
Stability, speed, store compliance and support come first. New features follow only once the basics are right.
Small, staged releases with clear notes, so no one opens the app to find an interface they no longer recognise.
Our most loyal users know the app best. Their reviews and support requests set the order of our work.
We buy to keep. Decisions are made for the next decade, not the next quarter.