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Level Ventures

The capital partner to outlier managers and entrepreneurs.

levelvc.substack.comSource feed ↗10 episodes

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Latest episodes

Rewriting the Coasean Boundary

How AI agents actually reduce (and recreate) coordination costs inside firms

The Endogenous Investor

Reflexivity, the Curve, and the Legibility Inversion

Reasoning in Regime Changes

Reasoning in non-ergodic systems

On Bottlenecks

Criticality investing, bottlenecks, and progress

Capitalism and Semiotics

Semiotics, Symbolic abstractions, AI

N-th Order Prediction Markets

In prior updates we discussed the evolving nature of alpha as well as our Criticality Investing framework.

This is Not Your Mother's Alpha

Alpha erodes over time.

On the VC Liquidity Crunch

Many investors these days are discussing the current liquidity crunch in VC, in the backdrop of an uncertain and volatile market.

Level’s Albert Azout hosted on the Superclusters Podcast

Criticality Investing

Many of the most lucrative investment opportunities often lie hidden in plain sight, masked by mounting market tensions that few recognize.