AI & Automation
One Year In: What Building an AI-Native Company Actually Changed
A year after starting GoodStream, a clean SOC 2 Type 2 report and seven things about building an AI-native company that surprised a seventh-time founder.
4 min read
Insights
Insights for private market operators.
Deep analysis on valuations, audit readiness, LP reporting, and operational excellence, written by people who have lived the fund back office.
AI & Automation
Build the Dashboard, Then Point It at Verified Data
VCs are building their own portfolio dashboards. The numbers came out of documents, and one extraction pass gets them right about 63% of the time.
3 min read
Valuations & LP Reporting
Cognition Doubled in Four Months and the Quarterly Mark Didn't Move
Cognition went from $26B in May to $48B in September. A fund that marks every 90 days is guessing most of the year. Read the paper the day it lands.
4 min read
Private Markets Operations
Your Board Seat Map Should Build Itself
The DOJ spent a year on two a16z board seats. Two portfolio companies drifted into competition and no system flagged it. The paper was in the folder.
4 min read
Valuations & LP Reporting
Databricks Just Repriced Your Q2 Report
Databricks closed at $190 billion while funds finish Q2 reports on a June 30 mark. The SPA and charter that show the new number are already in the folder.
3 min read
Private Markets Operations
The VideoVerse Collapse Was Already in the Documents
Minute Media's $250 million VideoVerse deal fell apart with tens of millions missing. The lender and investor could have seen it in paperwork they held.
4 min read
Valuations & LP Reporting
The Transparency Dividend Is Coming to Private Capital
Reg FD looked like a compliance cost in 2000 and was paying off by 2005. GPs who can hand an LP a sourced number on demand are next to collect.
4 min read
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