Writing
Notes on finance, markets, strategy, and the industries I'm trying to understand.
A space for short analytical writing as I develop my perspective. I try to find the non-obvious part of a company, a deal, or a market. These notes are exploratory and are not investment advice.
Latest
Recent writing
The Pipe Matters More Than the Models
Featherless's $20M Series A is less about inference APIs and more about whether a neutral infrastructure layer can exist between open-source models and enterprise deployment. The real bet is on control, not cost.
DAC Got Saved
A note on why two DAC hubs kept federal support, and why the politics behind that decision may matter more than the outcome itself.
Slate Raises $650M, But the Truck Isn't the Point
A note on Slate Auto's latest raise, the real platform thesis behind the company, and the manufacturing and conversion risks that matter more than the truck itself.
Reading
What I'm reading
The Business of Venture Capital
I am reading this to better understand how venture firms are structured, how funds work, and how investors think about the business of VC beyond just deals.
Too Big to Fail
I am interested in the decision-making, institutional pressures, and financial dynamics surrounding the 2008 financial crisis.
Endurance: Shackleton's Incredible Voyage
This is a very different kind of book, but I like it for its focus on leadership, resilience, and decision-making under pressure.
Galileo's Error: Foundations for a New Science of Consciousness
This one is more philosophical, and I like that it pushes me into a different kind of thinking than the finance and business books.