Stratos Technologies partners with technology enabled businesses.
MISSION
Stratos Technologies empowers founders to achieve their vision through rigorous engagement, strategic guidance, and capital.
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Stratos leverages expertise in financing, operating, and advising technology enabled businesses to thoughtfully invest across the capital structure to the benefit of founders and limited partners.
INVESTMENT PHILOSOPHY
Investment opportunities abound. However, truly advantaged businesses are rare. Stratos partners with experienced management teams to build high-growth businesses, with a deliberate focus on those that have the following attributes:
Scalability
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The business must have demonstrated product market fit and a clear path to significant customer growth.
Predictable Inertia
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The business must have a predictable growth trajectory, defined by favorable statistical analysis of customer behavior.
Cash Generation
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The business must pursue a proven business model with unit economics that are cash-flow positive.
Experienced Team
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The businesses must be led by founders and management that have directly relevant experience and significant equity ownership.
Superior Economics
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The business must operate in an industry that enables persistently high returns on capital.
APPROACH
Stratos seamlessly integrates human judgment and data science to identify and analyze investment opportunities.
In combination with our extensive industry network of founders and like-minded investors, we deploy a sourcing tool that fuses multiple alternative data sets to surface businesses that align with our investment philosophy.
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The investment team at Stratos approaches each opportunity from the perspective of all stakeholders specific to each business - founders, lenders, equity holders, and others to identify an optimal partnership structure and path to success.
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Finally, the Stratos team leverages its investment experience and structuring knowledge to execute transactions that meet the objectives of the business and limited partner investment mandates.
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After an investment is made Stratos helps to drive positive investment outcomes through significant management engagement, often in the from of board presence.
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The aspiration of the Stratos team is to be known by exceptional founders as the ideal partner to provide strategic guidance along with strategic capital.
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PORTFOLIO
Stratos Technologies has made 16 investments in four years, with an aggregate transaction value of over $250 million.
One out of four investments is worth over $1 billion.
Stratos has generated a positive return on every investment since inception.
TEAM
RENNICK PALLEY
Managing Partner, Chief Investment Officer
Rennick founded Stratos Technologies in 2016 (formerly know as Mark 2 Capital) with the vision that technology would ultimately transform every industry as well as create new ones. As a result, since its creation Stratos has focused on technology investments and has leveraged technology as a means to enhance its sourcing and research process.
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As Managing Partner and Chief Investment Officer, Rennick is responsible for investment decisions, transaction execution, and board involvement.
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Before founding Stratos, Rennick held the position of Research Associate at Sanders Capital, a $40 billion global equity manager founded by Lewis Sanders, formerly Chairman & CEO of AllianceBernstein L.P. and Chairman and CEO of Sanford C. Bernstein & Co., Inc. Rennick was one of ten investment professionals at the firm and reported directly to Lew. Rennick credits the evolution of his investment philosophy and process to the influence of Lew and the team at Sanders, which embody a heritage of best in class research established at Bernstein Research.
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Rennick holds a Bachelors of Science in Applied Mathematics and a Bachelors of Science in Mechanical Engineering, both from Southern Methodist University, and a Masters in Quantitative Finance from the Massachusetts Institute of Technology.
MILES HARRELL
Principal
Miles joined Stratos Technologies in 2020 as a Principal and Head of Research.
Prior to joining Stratos Miles served as Portfolio Manager and Director of Equity Research at Brookmont Capital, a top performing US equity manager with over $750 million AUM. While at Brookmont, the investment portfolio Miles managed was top decile in its Morningstar Category out of over 50 comparable strategies since its inception in 2015. In addition to portfolio management, Miles recruited, trained and managed the firm's research analyst team covering every sector of the US equity market.
Miles received a dual Bachelors of Science in Finance & Economics from Southern Methodist University.
ADVISORS
Laurent Parmentier
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Managing Director,
SignalFire
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Fmr. Prinicipal,
BCG
Mesh Lakhani​
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Founder,
Lola Media
Co-Founder,
Mark 2 Capital
Jordan Teramo, CFA
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Founder,
Anandar Capital
Fmr. Partner
Brigade Capital
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Dave Eisenberg
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Founder
Zigg Capital
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Founder
Floored
Daniel Teweles
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Director,
Latch
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Fmr. Chief of Staff,
Paul Romer
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Daniel Scrivener
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Founder,
Blackletter
Fmr. Design
Square
Daniel McCarthy, PhD
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Founder,
Theta Equity Partners
Founder,
Zodiac
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Jacques Friedman
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Fmr. Partner
AQR
CONTACT
1717 McKinney Suite 850
Dallas, Texas 75202
©2020 by Stratos Technologies LLC.