We allocate capital against decades, not quarters.

A private partnership pursuing structural mispricings in high-quality technology businesses. We back category-defining companies with expanding total addressable markets — and we hold them long enough to matter.

Multi-Million

Private Partnership

Long-Only

Investment Style

21%+ CAGR

Track Record

12–14

Target Holdings

"The market is a machine that transfers money from the impatient to the patient. We are extraordinarily patient."

Our Thesis

Three beliefs that govern every position we hold.

Structural Mispricings

We identify moments when markets temporarily displace high-quality businesses and act with conviction.

II.

Expanding TAMs

We only back businesses operating within total addressable markets that are growing, not contracting.

III.

Terminal Value

We underwrite the terminal value of a business over a decade, not quarterly earnings cycles.

The Principal

Conviction over consensus.

Double Eleven Capital & Co. is led by a single principal whose own capital constitutes the majority of every position held. This is not a vehicle that collects management fees — it is a private partnership built on the most powerful alignment in investing: personal skin in the game.

Built independently over fifteen years of active portfolio management, deploying personal capital across technology businesses without institutional constraints. Find great businesses priced as if they are ordinary ones. Act with conviction. Hold longer than the market is willing to. Let time do the compounding.

Experience

15+ Years Independent

Track Record

21%+ CAGR

Personal Capital

>80%

Focus

Technology

Akshath Naik

Founder and Principal Partner

The most credible position is one where you have the most to lose. The majority of partnership capital is my own.

Current Holdings

Concentrated positions in exceptional businesses.

We do not diversify for the sake of diversification. Our portfolio is concentrated in 12–14 names where our conviction in the structural durability of the business is highest.

Affirm

Fintech / Credit Network

Building the next-generation global payment network by fundamentally redesigning credit to align with consumer success rather than relying on late fees and compounding interest.

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Social Media / AI Data

The internet's primary engine for authentic human conversation, possessing structural advantages in high-intent communities and a compounding data moat critical for training frontier AI models.

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Lemonade

Insurtech

Rebuilding the insurance infrastructure stack from first principles using artificial intelligence, bypassing legacy technological debt to capture generational shifts in consumer behavior.

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SoFi

Digital Banking / Infrastructure

A structural winner in the digital banking transition, combining high-yield consumer financial products with a robust vertically integrated technology stack (Galileo/Technisys).

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Full portfolio available upon request. Contact us to learn more →

Not investment advice. Holdings subject to change. Consult your financial advisor.

Letters & Memos

Our Thinking

Annual letters and investment memos shared with partners. Perspectives on markets, positions, and long-term thinking.

Investment Memos

Market commentary and deep analytical dives on specific portfolio holdings and industry structures.

Read Memos

Quarterly Letters

Regular partnership updates, performance reviews, and tactical assessments (Published 4 times per year).

Read Quarterly

Annual Letters

Comprehensive yearly reflection, strategic outlook, and long-term thesis evaluations (Published annually).

Read Annual

Partner Inquiry

Double Eleven Capital & Co. is a private partnership allocating internal capital alongside a select group of close relationships. We do not solicit public investment or offer advisory services.

"If you share a long-only, high-conviction philosophy and believe markets systematically underprice quality businesses over short time horizons — we would like to hear from you."

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Inquiry Received

Thank you for reaching out. We review all correspondence and will be in touch within 48 hours.