We care what
companies are
made of.
We back founders early, and stay close.
Get in touchApproach
We take a small number of positions each year. The companies we back get all of us.
We are operators first. That shapes how we evaluate opportunities, what questions we ask, and what we can actually offer once we invest.
We say what we think, and we stay involved in the work, not just the cap table. We care about the specifics of your business, not the category it gets filed under.
On the name
A billet is solid stock, before it becomes the thing it's meant to be. We meet companies there, and stay through the making.
Where we invest
01AI infrastructureModels, inference, and the tooling the rest of the stack depends on.
02Vertical softwarePurpose-built software where deep domain knowledge is the moat.
03Developer toolsTooling that removes friction from how software gets built.
04Operational softwareThe unglamorous layer that every company runs on.
05Frontier consumerConsumer products built on how people actually behave.
06Health and biotechTools, platforms, and therapeutics moving medicine forward.
07Sports and mediaTechnology reshaping how sports and media get produced and distributed.
Contact