Floating Point was built by two people who spent about 15 years working together, first as hedge fund investors at Bridgewater and then on Oscar Health's founding team, and they invest in complex, hard-to-categorize businesses that mix software with real-world operations, regulation, or physical assets, such as orthopedic surgery platforms, timber supply chains, and voting machines. They back founders building these kinds of unusual, complex businesses, including some structures like rollups and a nonprofit, which most early-stage venture firms tend to avoid.