Mike Annunziata is a solo GP at Also Capital who acts as both entrepreneur and investor, personally helping hard tech founders with hiring, fundraising, and go-to-market rather than staying at a board-only level. He has built an unusually transparent public brand through his active Substack writing, where he shares detailed frameworks about his fund mechanics, decision-making process, and how he evaluates technically ambitious founders before markets are well-defined.

• Strong interest in space innovation and deep technology infrastructure as catalysts for new markets. There is a clear focus on companies building physical infrastructure and supply chains that leverage space to solve terrestrial problems, as seen when highlighting a portfolio company developing orbital manufacturing to help treat pulmonary disease.
• Emphasis on pragmatic fundraising strategies tailored to a founders actual background. Raising money successfully early on requires matching the pitch to the current stage, such as leaning on undeniable traction or a unique earned insight if a founder lacks a prior track record or early unicorn experience.
• Prioritizes execution and tangible outcomes rather than getting bogged down in administrative processes. Startup leaders need to overcome fear and pride by maintaining a strong bias toward action, with a notable preference for founders who find more satisfaction in actually shipping products than simply expanding their team headcount.
• Values specific financial fundamentals that lead to durable companies over time. Rather than getting distracted by surface level gross margins, the true measure of success is the total capital invested and the aggregate profit dollars generated, combined with making strategic early hires even if it increases the initial startup burn rate.
• Belief in the massive opportunity surrounding artificial intelligence infrastructure and enterprise implementation. Demand shocks in new tech always pave the way for foundational infrastructure, and startups that can successfully help large enterprises adopt and integrate artificial intelligence quickly are positioned to generate massive returns.