What criteria do you use when selecting companies to invest in, and what do you analyze?

When choosing a startup, we follow our investment strategy and evaluate four elements:

Technology – The company must have proprietary, unique technology that has the potential to succeed in the market. The technology should address real problems and meet real business needs. This allows us to engage in projects that have the potential to make a real impact on the world, such as new material production, new communication technologies, quantum algorithms, AI, and biotechnology. We define this as resilient technology.
Market Size – The market that the company aims to attack must be sufficiently large, usually extending beyond Poland. This provides an opportunity for a 10x increase in the value of our assets over 7-10 years, roughly equivalent to a compounded annual interest rate of 40%.
Team – The founders (we defenitely prefer diverse teams) should be experienced and must convince us of their commitment to developing the company. We support founders who are eager to continuously learn and grow. We consider building a startup as a marathon, not a sprint. We enjoy working with individuals who share our values such as honesty, transparency, and pressure on success.
Go-to-Market Strategy – This is related to market size but focuses on whether the founders know how to leverage their advantage over much larger competitors. Usually, when a small company builds a good project, larger competitors quickly realize they have missed an interesting technological or business area. The only way to defend against this is through speed, effective navigation of requirements, innovative ideas, and market testing with customers. We want to support small, agile organizations, not large tankers that take months to turn.