ShawSpring seeks to invest globally in high-quality businesses with durable competitive advantages

About Us

ShawSpring Partners is a Boston-based investment firm founded in 2014.

We manage approximately $800 million* on behalf of a select group of global institutions including university and hospital endowments, charitable foundations, family investment offices, and high-net-worth individuals.

ShawSpring is registered with the U.S. Securities and Exchange Commission.

*as of Q4 2020

Investment Philosophy

ShawSpring pursues a single, long-term investment approach with the objective of generating high absolute returns and meaningful outperformance of market indices.

Our team focuses its efforts on studying business models globally in the technology, internet, and consumer sectors. We are typically attracted to industry leaders with defensible competitive advantages, resulting in durable unit economics and attractive free cash flow generation. 

Our opportunity set specifically hones in on three business models: 

  1. Scaled Aggregators, such as Marketplaces or Networks
  2. Vertically-Integrated, Capital-Intensive Businesses
  3. Cognitive Referents 

Given our long-term approach, we place a premium on exceptional managerial character and strong management team alignment with shareholder interests. 

Our research efforts culminate in a concentrated portfolio of 5-10 high-growth businesses that we believe can compound capital over a multi-year investment horizon.

Team

Dennis Hong

Founder & CEO

Dennis began his investment career at the Yale University Investments Office after graduating from Yale with a B.A. in Ethics, Politics & Economics in 2005. Prior to founding ShawSpring, Dennis worked at Altimeter Capital Management and Matrix Capital Management. Dennis attended Harvard Business School’s MBA Program, but departed after completing his first year to launch ShawSpring.

Paul Lashway

COO, CFO, CCO, Partner

Paul spent the majority of his career at Deloitte & Touche LLP in Boston before joining ShawSpring in 2014.  A Certified Public Accountant, Paul earned a B.A. in Accounting/Economics from The College of the Holy Cross in 2001.  

Michael Lamothe

Head of Research, Partner

Prior to joining ShawSpring in 2014, Mike was an Associate at WindSail Capital Group, an investment firm focused on credit investments within the clean technology sector. Mike received a B.A. from Clark University and graduated cum laude with honors in Economics.

John Zhang

Investment Associate

John has served as an intern with the ShawSpring team since June 2018 and joined full-time in July 2019. John graduated from Northeastern University with a double major in Mathematics and Business Administration (concentrating in Finance) and has passed Level 1 of the CFA exam.

Content

We enjoy connecting with like-minded individuals who are passionate about investing and all things business. To that end, we are pleased to share our collection of letters and other content we have developed over the years. Our goal is to leave you with a better sense of who we are, how we invest, and our latest thinking on various topics pertinent to our Firm.

To access these letters and content, please introduce yourself in the form below or email us directly at info@shawspring.com. We would love to hear from you.  

Letters

Three-Year Check-In (2017-07-17)

ShawSpring Idea Generation: Online Marketplaces (2017-11-06)

Investment Case Study: Online Marketplaces and Hybrid Internet Business Models (2018-02-09)

A Closer Look at Cognitive Referents (2018-05-15)

Ecosystem Control Part I: Consumer Value Creation (2018-08-31)

Ecosystem Control Part II: Producer Value Creation (2018-11-30)

Ecosystem Control Part III: Value Capture (2019-02-22)

Ecosystem Control Part IV: Ecosystem Opportunities and Threats (2019-05-31)

Five-Year Check-In (2019-08-30)

Network Effects Theory (2019-12-13)

Reflections on Investing During a Crisis (2020-05-15)

A Framework for Understanding Optionality (2020-11-20)

Other Content

Dennis Hong Q&A: Good Investing TV (2020-10-21)

Dennis Hong Interview: Good Investing TV (2020-07-22)

Harvard Business School Case Study: Raising Capital at ShawSpring Partners

Contact Us