We want to fund the first company to reach a $1B valuation with zero people. To that end, today we are launching Katayama Capital, our investment division.
For the last twenty years, the most ambitious idea was the one-person $1B company. Agents made that idea credible. One person would direct agents to write, release, sell, and operate the product. The human would own the strategic decisions — what to build next, where to put capital, where to aim the agents — and leave everything else to them.
We are going one level deeper.
What if the strategic decisions themselves could be made autonomously? Which product to build, how to allocate capital, where to aim agentic resources: today, those are founder decisions. But they are also decisions that a sufficiently capable system can make. In a 0-person company, the system itself decides what to build, then builds it. It can identify a market, design a product, write the code, launch it, set the price, support customers, and reallocate capital. The same system can create another company for a different product or market, and then another after that. We are betting on the system that can produce companies.
We are building that system ourselves. That is why we want to fund the people making this transition real.
The company itself becomes software.