Enrico refounded Espamina (cloud email security), merged with a larger German player, executed three add-ons, and sold to Providence PE; the combined entity (Hornet Security) was later flipped to Proofpoint for ~$1B. He now runs Adendum Capital, deploying personal capital into early-stage cybersecurity with hands-on support. Mentor at SeedRocket.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Enrico deploys personal capital via Adendum Capital into early-stage cybersecurity, writing larger tickets than typical angels and providing hands-on operational support; currently holds five positions with one recent exit.
Enrico refounded Espamina, merged with a larger German player, executed three add-on acquisitions, sold to Providence PE, which subsequently flipped the combined entity (Hornet Security) to Proofpoint for approximately $1B — a full-cycle success in cloud email security.
Oracle borrowed heavily to build GPU data centers for AI workloads, but revenue contracts only start paying in 2027-28; credit default swaps have widened as the market questions near-term debt service capacity from current cash flows.