Q2 2026 Investor Letter
Friends and Partners,
Almost 6 years ago, I walked into a gym and felt like everyone could tell I didn’t belong there. I had almost no muscle, no real rhythm, and no reason to look confident except the stubborn belief that if I kept showing up, maybe something would eventually change. The first few weeks were awkward because every exercise felt heavier than it should have and every mirror felt a little too honest.
Over time, I learned that building muscle is painfully simple and painfully difficult at the same time. You lift, you recover, you eat well, you sleep, you add a little more weight, and then you repeat the whole thing until one day the body starts to look like the process you’ve been following.
