Gratitude Railroad operates as a community of affiliated investors rather than a traditional fund manager, combining capital with contacts, diligence help, and board participation, while also running a separate Inclusive Capital strategy that backs underrepresented fund managers without requiring a traditional track record. The firm focuses on upstream, systemic problems and overlooked, infrastructure-like businesses, forms joint ventures to build investment structures where none exist, and pairs its investing with a nonprofit foundation and a strong community/governance model, including a ten-person governing board and shared leadership.