Today, we're announcing A* III, a $450 million early-stage fund. We started @A_StarVC with the simple idea to be a founder's first believer. We are generalists by sector, but specialists in the stage and craft of seed investing. We partner with founders before there is consensus, before there is traction, and often before there is even a product. We are not organized around a market thesis. We back exceptional builders and follow them into the most important categories. That matters because seed investing has changed. It is more crowded, more visible, and increasingly transactional. Too often, firms use seed to secure an option and then wait for proof before investing real time and attention. Seed has become a market of access. We believe it should be a market of conviction. We built A* around a different model. We commit early. We show up before external validation, deploying both time and capital from day zero to help founders find their first customer, make an early hire, or work through the decisions that define the company. We are selective at the start and concentrated over time. We partner with a small number of founders and deepen our commitment as their companies take shape. The best outcomes come from knowing where to go deep and having the discipline to do it. This approach has led us to companies like Ramp, Decagon, Whop, Cape, Simile, Paraform, Watney Robotics, and Mercor. We're grateful to the founders who have chosen to build with us and to the limited partners who have backed us. With this fund, A* manages over $1 billion in assets less than five years after launch. Our job remains what it was on day one: back exceptional founders early and be the partner they need when it matters most.

🚨🇧🇷 WOW... Aerial footage of Copacabana Beach tonight: hundreds of thousands packed shoulder to shoulder for Shakira. The whole beach is one wall of people. Brazil doesn't half-do anything🤣

Brazil feeds a billion people. It holds 12% of the world’s freshwater. It produces 87% of its electricity from renewables at half the cost of American power. It holds 94% of global niobium, the second-largest reserves of rare earths, and the second-largest reserves of graphite. Its stock market trades at 9.25x forward earnings. The S&P 500 trades at 21x. An American investor pays more than twice as much per dollar of expected earnings for exposure to the US economy than for the country that holds the minerals, the water, the food, and the energy that the 21st century runs on. Someone explain to me how that math works. Read why I’m bullish on Brazil below 👇