There are a few areas that we don’t invest in, including gambling, tobacco and weapons (we want our founders to have a net positive impact on society). We also don’t invest in pure e-commerce plays, biotech or pharma, capital-intensive businesses (which require significant funding to get off the ground) or anything based solely around banking, insurance, provision of capital, leasing, property development, infrastructure acquisition, land ownership, construction, or making investments to derive rental / royalties / interest / dividend income. Phew.