Founder
Stefano Bernardi
🏔️, 🇮🇹
Founding GP. Investing since 2019 across frontier tech, climate, crypto, and bio. Writes the Unruly theses. Before Unruly: founder, angel, podcaster, and skeptic of consensus.
01Motto
Investing in theCrazy.Before it becomes normal.
Unruly Capital backs founders working on ideas that feel too early, too weird, or too specific. We bet on four theses about the next decade — depopulation, decentralization, new sovereigns, and the peptide age — and a small set of founders driven by something stronger than money.
Four bets on the next decade
All theses →03Founders we back
The life force pulling something toward what it is supposed to become.
A specific kind of fire — one that is impossible to fake — burns in the people we back. They are not building because it looks good on a deck or because the macro is favorable. They are building because the world without their company would be intolerable, and a life without trying would be a waste.
Greatness, audacity, urgency, and consequence are the only four traits that have ever shown up reliably in a winning founder. We index hard on those, and we accept everything else — eccentricity, contrarianism, an inability to network — as a feature.
Distilled from the Unruly Q1 ’26 LP letter
01
Greatness
The bar is set so high it embarrasses everyone in the room. If the company works, it is world-historic.
02
Audacity
A willingness to be wrong in public, to attack problems other people quietly accept, and to ignore the consensus that the problem is too hard.
03
Urgency
The world cannot wait. Speed compounds. Deliberation about whether to start does not.
04
Consequence
When the company works, something material about reality changes downstream — for users, for an industry, for a generation.
Portfolio
All companies →Co-investors
selected partners8VC
Fundomo
Morpheus Ventures
Pale Blue Dot
Transition
Team
All members →Investments
Francesco Moiraghi
🌧️, 🇬🇧
Investments. Sourcing, diligence, and post-investment work across the portfolio. Looks for founders with non-obvious conviction and an unhealthy obsession with their problem.