
Rewriting the Coasean Boundary
How AI agents actually reduce (and recreate) coordination costs inside firms
The capital partner to outlier managers and entrepreneurs.
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How AI agents actually reduce (and recreate) coordination costs inside firms

Reflexivity, the Curve, and the Legibility Inversion

Reasoning in non-ergodic systems

Criticality investing, bottlenecks, and progress

Semiotics, Symbolic abstractions, AI

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

Alpha erodes over time.

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

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