Our approach
One thesis, applied across public and private markets.
We believe technology is the bedrock of how businesses will grow. If you believe that too, we already think alike about where the economy and markets are heading.
Our edge is how we form a view, and how hard we test it.
01
Listen
Continuous dialogue with Wall Street analysts, leading academics and our community of investors and industry experts.
02
Research
Deep research on professional-grade systems, with AI built into how we find and monitor under-the-radar opportunities. What we believe
03
Test
Every idea is tested and backtested against multiple sources before we invest.
The Zynergy Investment Approach
Four sources of intelligence. One better decision.
No single source sees the whole picture. Each part of our approach checks and strengthens the others, so the whole is greater than the sum of its parts, and every decision rests on more than one point of view.
01
Wall Street expertise
Ongoing dialogue with leading research analysts and investment professionals who cover the companies and industries we study.
02
Academic curiosity
Respected professors at leading business schools and technical institutions, whose research and frameworks test our thinking on technology, competition and valuation.
03
Market analytics
Institutional-grade market data and analytics on companies, industries and valuations, used to screen, model and backtest each idea against multiple sources.
04
Proprietary AI systems
AI built into how we find, monitor and analyze opportunities, so patterns and signals surface sooner.
Each part feeds the next. Experts raise the questions, academic work sharpens them, market analytics test them and AI keeps watch, and what we learn goes back to the experts. The flywheel turns with every decision.
Three questions behind every decision
Every opportunity, public or private, has to answer the same three questions. They are simple to ask and hard to answer well. You can ask them of any company you own.
01
Technology moat
Does the company possess a defensible technology moat and/or occupy a critical position in the technology value chain?
An advantage only matters if it lasts: we look for what competitors can’t copy and the industry can’t do without.
What we look at
- Intellectual property, proprietary data and know-how that take years to replicate
- Switching costs and network effects that keep customers in place
- A critical position in the value chain: a scarce component, essential infrastructure or a choke point others depend on
- Whether the advantage holds up as AI lowers the cost of building technology
02
Business leadership
Is the company’s leadership capable of growing the company?
Great technology needs great operators. We study the leaders as closely as the product.
What we look at
- A record of execution: building, scaling and adapting through market cycles
- Capital allocation: how management invests, hires and spends
- Alignment: meaningful ownership and incentives tied to long-term value
- The ability to attract and keep exceptional talent, and to speak candidly about risks
03
Proper valuation
Is the investment opportunity priced appropriately?
A great company at the wrong price is a poor investment. We weigh what the market expects against what the business can become.
What we look at
- The growth today’s price already assumes, and how realistic it is
- Comparisons with peers, past cycles and private-market rounds
- Scenarios, including what would have to go wrong, tested and backtested against multiple sources
- Whether the value is best reached through public markets, private rounds or both
How we find opportunities
Follow the bottleneck, not the headline.
Headlines follow the companies that sell the finished product. Returns often follow the companies that sell the scarce input. Every major technology story has a choke point, and choke points are where scarcity, pricing power and mispricing tend to live. We run every idea through four questions.
01
Scarcity
Demand is growing faster than capacity can be added, often because of specialized materials, skills or permits.
02
Specificity
The input is hard to substitute, so customers pay for reliability rather than shop on price.
03
Neglect
Sell-side coverage is thin, and the company rarely appears in thematic ETFs.
04
Access
The exposure can be owned through public small and mid caps, private rounds, or both.
An example
AI’s next breakthrough may depend on a piece of glass.
Behind the technologies changing our world are companies most investors rarely hear about: specialty glass woven into advanced chip packaging, cooling systems supporting powerful data centers, and sensors giving machines the ability to perceive their surroundings. These are the essential businesses we seek out.
References to technologies and industries are illustrative only and do not represent specific holdings or recommendations.
Questions, answered
Our investment approach, questions answered
What three questions does Zynergy ask?
Does the company have a defensible technology moat, or a critical place in the technology value chain? Can its leadership grow the company? Is it priced appropriately?
What is a technology moat?
A lasting advantage competitors can’t easily copy: proprietary data, network effects, switching costs or technical barriers. It’s the first thing we look for.
Does Zynergy look beyond the largest technology companies?
Yes. Our research focuses on innovation-driven companies across sectors and borders, including small and mid-sized companies that are often less widely followed.
Get in touch
Start a conversation with our team.
We welcome conversations with family offices, founders, researchers and fellow innovators in AI and technology. Tell us about yourself and we will follow up.