Before Michael Seckler and John Alberg created Euclidean, they founded and spent over a decade building one of the first software-as-a-service companies, Employease. The company delivered 36 consecutive quarters of revenue growth prior to being acquired by Automatic Data Processing (NASDAQ:ADP) for $160 million in 2006.
Mike and John started Euclidean because, with the sale of their company, they faced hard questions about how to manage their hard-earned money. They were not comfortable with the short-term focus, risks of leverage, misaligned incentives, and reliance on qualitative analysis that in various combinations characterize today’s asset management options. Instead, they wanted a way to invest that could be process-driven, protected from human behavioral swings, and grounded in timeless lessons for evaluating public companies as potential long-term investments.
Fortunately for Euclidean, many others also feel the same way.