Theses & Memos
Structured convictions I hold across sectors, and deal-by-deal verdicts on the specific positions I’ve worked through. PASS memos published alongside the ones I acted on.
TextQL
Enterprise data agents face a hard test: make fragmented systems useful without becoming a services business.
ORBIO and a Darwinian Market for Intelligence
My thesis on $ORBIO and a Darwinian market for intelligence.
Dolphin Network
They built the customer before they built the network. The token buys itself with 100% of network revenue. The API has not opened yet.
Panthalassa
A wave-powered ocean data center Thiel just backed. The platform may be worth building; the cargo it carries is racing to zero.
Photonic Interconnect
Light as the structural successor to copper in AI scale-up.
Venice AI
A dual-token AI protocol — VVV for ownership, DIEM for compute — built for autonomous agents, not humans.