Factor Capital Update - September 2025
Crypto venture exits the hype cycle as fundamentals matter more, while AI starts to resemble early crypto VC.
More issues
Factor Capital Update - August 2025
A comparison between NIL in college sports and the escalating capital arms race in startup funding.
The Next Generation of UI
Why I'm currently focused on MCP and how AI is likely becoming the universal interface for everything.
Factor Capital Update - July 2025
Circle’s IPO, the GENIUS Act, fintech stablecoin adoption, and the next phase of crypto market infrastructure.
The New Economics of Early-Stage Startups
How AI and crypto reduce startup costs, compress teams, and change early-stage capital formation.
Factor Capital Update - May 2025
Bank-issued stablecoins, merchant adoption, and the stable-account future for digital dollars.
Factor Capital Update - Q1 2025
Q1 2025 market volatility, tariffs, stablecoin adoption, tokenization, and AI/crypto as commodity inputs.
A Million New Founders
How the barriers to entry for new company formation are in the process of being shattered and what it likely means for investors and builders.
Market Dynamics For The New Year
A review of the main themes of 2024 and how they lead us into a big year for crypto and technology taking on a larger role in our lives in 2025.
Rethinking the Killer App Theory
It is possible that while we're all looking for crypto's killer app, that high performance blockchains are in fact already playing that role.