Salt Lake City, Utah · 40.76° N
Patience, rendered.
Blackfern Holdings is a private holding entity. Two owners. No fund. No clock. Every position on this page is held by the same two people.
Thesis
A single body, many positions.
Different surfaces, one center of mass. Nothing here is managed for anyone else, which is why it can wait.
- Real estate
- Early-stage technology
- Later-stage technology
- Consumer brands
- Consulting
01 · Principle
Hold longer than is comfortable.
Most of the return arrives after most of the room has left. The structure here is built to still be in the room.
02 · Principle
Prefer structure to story.
Cash flow, ownership, downside. If the lattice holds without the narrative, it holds.
03 · Principle
Stay useful.
Capital is the least interesting thing we bring. Operating help in the first few years is the rest of it.