Most investors wait for momentum.
At X Point, we listen for it.
Inflection points rarely announce themselves. They unfold quietly — in companies, in leaders, and in markets — long before consensus arrives. That’s where we live.
X Point grew out of decades of building technology businesses, serving on boards, and investing behind the scenes. What began as a personal practice —placing early bets on companies shaping AI infrastructure — has evolved into a deliberate investment firm.
The lesson that shaped me most came in 2018. Broadcom announced its acquisition of CA Technologies, the market hated it. The stock fell. Analysts called it a mistake. What I saw was different: a generational CEO whose discipline turned Broadcom into one of the decades great compounders. It taught me that real conviction comes from the footnotes, not the headlines.
The same pattern plays out across enterprise software and system-level disruption, where real change is slow, technical, and easy to dismiss. The best companies, and the best leaders, rarely look obvious in the moment. They emerge through clarity, discipline, and the willingness to build quietly while the market looks the other way.
The market is loudest when it chases short-term noise —
and quietest when real conviction begins to compound.
That’s the spirit behind our work:
Conviction > consensus.
The best opportunities emerge quietly, long before the market is ready to listen.
— Rafael
Founder, X Point
