Peter Livingston built his investing thesis around unpopular opportunities after personally passing on friends who later founded Instagram, Nubank, and DoorDash, leading him to focus on non-consensus, founder-driven bets rather than hot deals. He runs Unpopular Ventures like a professional blogger, sourcing deals and writing detailed memos for thousands of LPs who decide deal-by-deal, while sharing a large portion of his carry with scouts who source deals, creating a global network that feeds him off-the-beaten-path opportunities from Africa, LatAm, India, and Eastern Europe. Peter Livingston built his investing thesis around unpopular opportunities after personally passing on friends who later founded Instagram, Nubank, and DoorDash, leading him to focus on non-consensus, founder-driven bets rather than hot deals. He runs Unpopular Ventures like a professional blogger, sourcing deals and writing detailed memos for thousands of LPs who decide deal-by-deal, while sharing a large portion of his carry with scouts who source deals, creating a global network that feeds him off-the-beaten-path opportunities from Africa, LatAm, India, and Eastern Europe.