Explore how Chris Howard walked away from a successful seed fund to launch Ritual Capital, focusing on 'rituals' for exceptional founders and getting back to true 0-to-1 investing.

Creado por exalumnos de la Universidad de Columbia en San Francisco
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Creado por exalumnos de la Universidad de Columbia en San Francisco

Miles: You know what's wild about Silicon Valley? Sometimes the most successful investors are the ones who know when to start over. I just came across this story about Chris Howard—a guy who spent a decade building one of the most successful seed funds, investing in over a dozen unicorns, and then... walked away to start fresh.
Blythe: Wait, he walked away from *success*? That's fascinating. I mean, we're talking about someone who got in early on Figma, Flexport, Lattice—these are massive companies now. Why would you leave that behind?
Miles: That's exactly what caught my attention! He launched this new firm called Ritual Capital in 2023, and his reasoning is actually pretty compelling. He said he wanted to get back to his roots—back to what he calls the "0 to 1" stage where you're truly the first believer in a founder.
Blythe: So it's like he realized that as his previous fund grew, he was getting further away from what he loved most about investing. That makes sense, actually.
Miles: Right! And here's where it gets really interesting—he structured this entire new firm around what he calls "rituals" for exceptional founders. Let's dive into what that actually means and how it's shaping his investment approach.