Deep DiveJul 19, 2022
Venture Investor & Writer
The intersection
of bits &
bullion.
I invest in technical tools for technical people. I write about the business and economics of tech and venture capital.
Fig. 1 — PortraitRole
VC @ Lightspeed
Focus
Infra & Dev Tools
Location
San Francisco, CA
Status
Deploying
01
Founders
Navigating the messy middle of zero to one. The theories and realities of building a valuable tech startup.
02
Developers
The rise of the engineer-executive. Tooling, workflows, and the future of software construction.
03
Investors
Macro analysis for the micro-focused. Charts, models, and equations separating signal from the noise.
Latest Dispatches
Observations from the field.
Oct 13, 2026
Valuations Need a Correction
Startup valuations miss the forest for a few successful trees
Jul 29, 2026Fortune ↗
Button-mashing never worked in StarCraft. Tokenmaxxing won’t work in AI
Like actions per minute in strategy games, token usage is a vanity metric.
Jun 12, 2026
Taking Stock of the Seed Stage
The total stock of seed-stage startups appears to be shrinking, despite the AI funding boom.
Essays on the economics of tech.
Original data and clear models. One email per essay.
Read by 5,000+ founders, engineers, and investors