Memos

On what bonsai can teach us about why greatness can’t be planned but can be cultivated. Where conviction comes from and how MongoDB is actually an extension of Dilbert (the comic strip). Why we will be betting on radios and radioisotopes as a natural extension of our Fund I portfolio.

Since the release of ChatGPT (enabled by GPT 3.5) in 2022, the default narrative has been one of AI takeoff and divergence. The imagined scenario is one where a leading AI lab develops a recursively self-improving model. In doing so, there is an intelligence explosion. That leading lab (and

The next AI frontier in industrials won’t be software-first startups — it’ll be service providers using workflow access to build software moats.

Like the 1901 Spindletop gusher that launched the oil era, we're witnessing the rise of "data gushers" - untapped streams of information waiting to be sensed and refined into value through advances in AI and sensing technology.

Today, green hydrogen production accounts for only 1% of the entire $100bn hydrogen production market. The reason for this is simple - green hydrogen is far too expensive even with government subsidies and decreasing solar energy costs.

In our interactions with public and private industrial entities, waste valorization,  the process of transforming waste materials into valuable products, has become an increasingly common topic of conversation. This is driven by two factors, climate awareness and national security. These two factors are putting a "premium" on technologies