Extensive real-world experience as a product manager in building tech products at category winning Silicon Valley companies
Nuanced understanding of tech companies’ behind-the-scenes execution and strategies leading to long term competitive advantages
Focused on less followed small and mid cap technology companies, a universe of 300 companies where 30 companies go public each year
Tilden Path Capital
Focus on small and mid-cap tech companies
Our investment strategy is centered around three core points:
Longer growth runway
Small and mid-cap firms have a longer growth runway, as validated by our TiPaC approach. Academic Research also indicates that small-cap equities tend to outperform market indexes over time.
Secular growth Trends
Technology is at the heart of our investment approach.
We invest in companies operating in sectors with long-term secular growth tailwinds, including Artificial Intelligence, Cybersecurity, and Industrial Automation.
Undiscovered companies
Smaller companies are often overlooked by traditional Wall Street players, providing us with an opportunity to uncover hidden gems with less competition and higher growth potential.
Our main principles
Strategy is at the heart of successful investing.
We know how it can impact predicting results, maximizing returns, and achieving financial goals.
Strategy is at the heart of successful investing.
We know how it can impact predicting results, maximizing returns, and achieving financial goals.
In-depth, direct experiential research
We conduct deep product research, combining it with our tech expertise and industry knowledge, to spot companies with a competitive edge in their products.
High conviction long term bets
We focus on making long-term concentrated bets on companies that meet our research criteria and typically hold them for at least three years to achieve reliable returns.
Highly Selective, Disciplined Approach
We prioritize being careful stewards of capital. We avoid chasing investments or following market trends and always maintain a margin of safety to mitigate the risk of capital loss.
Most investors use a 'one-size-fits-all' approach to investing in technology stocks as it is tough to determine winners.
Our approach differs as we use our past experience to try to find long-term winners by understanding the nuances of each company and its products.
Most investors use a 'one-size-fits-all' approach to investing in technology stocks as it is tough to determine winners.
Our approach differs as we use our past experience to try to find long-term winners by understanding the nuances of each company and its products.
Gaurav Kumar
Tilden Path Capital
TiPaC Durable Growth Score
Our investment approach focuses on identifying a set of companies in the tech industry with the potential for long-term growth. To achieve this, we use a proprietary TiPaC quantitative score.
Product/Process Irreplicability
Legal protections and entry barriers boost tech companies' market value. Taiwan Semiconductor and Arista Networks excel in their sub-sectors due to hard-to-replicate proprietary technology.
Switching Costs
High switching costs give tech companies a competitive advantage and increased market value. For instance, a database like Oracle creates deep-seated data flows that are difficult to unwind.
Technology Stewardship
Durable technology products need careful and committed stewards. Leaders who think long term, and are committed to maintain product leadership through inflection points are necessary for durable growth.
Customer Experience
Seamless customer experience drives success for tech companies. Amazon Web Services grew rapidly by providing easy-to-use features and adding value over time for their target customers.
Value & Strength of Ecosystem
Tech companies gain an edge by aligning with strong ecosystems. Analytics products which adhere to the SQL standard are highly sought after.
Thank you for your interest in Tilden Path Capital!
If you want to discuss technology trends, or our Investment approach, please email us at infoATtildenpathcapital.com, or feel free to book a slot on our calendar.
