"Peachtree Arbitrage" is just a fancy name for the investment vehicle for Wayt King and his extended family. Wayt is an electrical engineer (BEE and MSEE Ga Tech) and technology lawyer (JD UGA; Alston & Bird; King & Spalding) by training. He was one of the founders and the largest individual shareholder of Atlanta software company N2 Broadband, which started in a cofounder's basement in 2000, raised $27M in venture capital, and was sold in 2005 to TandbergTV for $120M. And Wayt had a lot of fun doing it. It was his first real startup, so by definition a considerable amount of luck was involved. But along the way, Wayt learned plenty about making stuff people want, building companies, raising money, solving customer problems, doing deals, M&A, and "making your own luck."
We believe this is a unique time in history. A new generation of young adults has grown up digitally. Consumer web services can be built and virally marketed by two hackers in three months with $20K. That's why Peachtree Arbitrage invests in web services businesses led by brilliant hacker teams who want to change the world.