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5 min read → Writing
Slower than the
Slower than the
videos. Sharper.
Long-form notes on the mechanics of investing — what the videos don't have time for.
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Angel maths: the numbers no one runs
Every angel hears about power-law returns. Few work out how many cheques it actually takes to land an outlier — or what that means for cheque size.
6 min read → -
What an LP actually looks at in a deck
Strategy and TVPI matter. They aren't what gets a fund funded. The real filter is operational — and most first-time GPs miss it.
8 min read → -
Access isn't free — what feeders and SPVs actually cost
Carry is the headline number. The hidden friction is in the structure. A breakdown of where the real economics sit.
5 min read →