Insights

How we think.

The thesis in long form, plus lighter notes on AI, markets, and where the world is going.

Intelligence is the new infrastructure

When the marginal cost of cognition falls toward zero, every category gets re-founded. We invest at that fault line.

AI & Software · 8 min

Money, rewritten in software

Fintech's first act was apps on top of old rails. The second act rebuilds the rails themselves.

Fintech · 7 min

The borderless portfolio

The next decade's defining companies are being assembled from talent and capital sourced anywhere. The venture model has to follow.

Strategy · 7 min

The map stops mattering

When talent, capital, and distribution all go remote, geography becomes a preference rather than a constraint.

Future · 3 min

The developer becomes an editor

When software can write itself, the scarce skill moves from producing code to judging it.

AI & Software · 4 min

Software that transacts

The agentic economy arrives when our software stops advising us and starts acting for us, with money attached.

AI & Software · 4 min

The bottleneck is energy

Intelligence is becoming abundant, but the power to run it is not. The constraint is moving from chips to electrons.

Markets · 3 min

Trust is the scarce good

When anything can be generated, the ability to prove what is real becomes the thing worth paying for.

Future · 3 min

The unbundling of the firm

When small teams can produce what once took departments, headcount stops being a measure of ambition.

Work · 4 min

Capital in an age of abundance

When the cost of building falls, money stops being the scarce input and conviction takes its place.

Strategy · 3 min

The next billion builders

Emerging markets and abundant AI are about to produce founders the old funnel was never built to see.

Future · 4 min

Interfaces disappear

As agents mediate more of what we do, the screen full of buttons starts to look like a transitional artifact.

AI & Software · 3 min

What stays human

As more of the work is automated, the parts that resist automation become the parts that matter most.

Work · 4 min

For investors & LPs

Compound alongside us.

Co-invest in select opportunities today; grow into the fund as conviction and track record compound.

Request the LP brief

For founders

Capital at the speed of building.

We back software, fintech, and AI-native companies anywhere in the world - and work like a co-founder, not a board observer.

Share what you're building