Solus Ventures Perspectives
Investing in what does not yet have a category
Frameworks for identifying, evaluating, and underwriting one-of-none private technology companies across frontier technology, artificial intelligence, aerospace, and defense.
What makes a company one of none?
Category creation, durable advantages, market formation, and the difference between novelty and consequence.
Underwriting technical ambition
A practical framework for evaluating AI, aerospace, defense, and other technically complex markets.
Private equity underwriting for technology companies
Evidence, scenarios, capital requirements, and governance across venture capital, growth equity, and private technology investing.
Evaluating durable advantage in AI
Product value, technical differentiation, proprietary data, distribution, and durable economics.
From mission need to deployment
Operational relevance, procurement evidence, manufacturing readiness, and scalable delivery.
Milestones, manufacturing, and markets
Technical evidence, reliability, production systems, capital intensity, and customer demand.
Due diligence built around evidence
Markets, customers, teams, economics, financing risk, and the assumptions that can break an investment case.
Quality, durability, and price
Revenue quality, retention, efficient growth, operating leverage, valuation, and downside cases.
Technical risk, scale, and markets
Milestone evidence, manufacturing, capital intensity, customer adoption, and learning advantages.
Concentration, ownership, and reserves
Power-law outcomes, dilution, follow-on decisions, correlation, liquidity, and fund-level scenario analysis.