https://99d.substack.com/archivedailyhttps://99d.substack.com/aboutweeklyhttps://99d.substack.com/p/be-dumb-waste-money-win2026-09-11monthlyhttps://99d.substack.com/p/our-2q-letter-to-lps2026-08-21monthlyhttps://99d.substack.com/p/what-capital-wants2026-08-14monthlyhttps://99d.substack.com/p/no-revenue-is-enough-revenue2026-08-07monthlyhttps://99d.substack.com/p/get-rid-of-90-day-windows2026-07-31monthlyhttps://99d.substack.com/p/open-models-for-open-america2026-07-24monthlyhttps://99d.substack.com/p/back-in-the-saddle2026-07-17monthlyhttps://99d.substack.com/p/make-a-bet2026-06-26monthlyhttps://99d.substack.com/p/eyes-on-the-end-game2026-06-19monthlyhttps://99d.substack.com/p/we-had-it-coming2026-06-12monthlyhttps://99d.substack.com/p/were-all-short-intelligence2026-06-05monthlyhttps://99d.substack.com/p/slow-takeoff-20262026-05-29monthlyhttps://99d.substack.com/p/ai-accenture-not-accenture-for-ai2026-05-22monthlyhttps://99d.substack.com/p/take-the-dive2026-05-15monthlyhttps://99d.substack.com/p/slop-em-up2026-05-08monthlyhttps://99d.substack.com/p/i-dont-want-ubi2026-05-01monthlyhttps://99d.substack.com/p/context-is-the-fifth-primitive2026-04-24monthlyhttps://99d.substack.com/p/all-you-need-is-terminal-value2026-04-17monthlyhttps://99d.substack.com/p/dont-ask-the-group-chat-for-permission2026-04-10monthlyhttps://99d.substack.com/p/there-will-only-be-four-jobs2026-04-05monthlyhttps://99d.substack.com/p/agency-not-agents2026-03-20monthlyhttps://99d.substack.com/p/dont-call-it-a-moat2026-03-13monthlyhttps://99d.substack.com/p/openais-endgame-is-obvious2026-03-06monthlyhttps://99d.substack.com/p/dont-bet-against-network-effects2026-02-27monthlyhttps://99d.substack.com/p/size-for-simplicity-the-income-statements2026-02-23monthlyhttps://99d.substack.com/p/software-after-saas-sin-eaters-hybrids2026-02-13monthlyhttps://99d.substack.com/p/legibility-is-a-brand-to-capital2026-02-06monthlyhttps://99d.substack.com/p/phoebe-95m-for-the-self-driving-network2026-01-23monthlyhttps://99d.substack.com/p/call-your-customer-call-your-shot2026-01-28monthlyhttps://99d.substack.com/p/the-second-order-effects-of-ai2026-01-28monthlyhttps://99d.substack.com/p/hiring-three-great-roles2025-12-19monthlyhttps://99d.substack.com/p/implementation-is-the-task-of-our2025-12-12monthlyhttps://99d.substack.com/p/the-two-kinds-of-pivots2025-12-05monthlyhttps://99d.substack.com/p/stories-about-the-future2026-01-28monthlyhttps://99d.substack.com/p/important-narratives-important-companies2026-02-24monthlyhttps://99d.substack.com/p/power-is-power2025-11-07monthlyhttps://99d.substack.com/p/friends-and-enemies2025-11-03monthlyhttps://99d.substack.com/p/momentum-is-not-speed2025-10-24monthlyhttps://99d.substack.com/p/but-ai-companies-grow-so-fast2025-10-17monthlyhttps://99d.substack.com/p/taking-it-slow2025-10-07monthlyhttps://99d.substack.com/p/my-wip-buy-box2025-10-03monthlyhttps://99d.substack.com/p/area-2-farms-9m-for-robotic-mini2025-09-26monthlyhttps://99d.substack.com/p/the-only-5-stories-that-matter2025-09-19monthlyhttps://99d.substack.com/p/what-margins-mean2025-09-12monthlyhttps://99d.substack.com/p/6m-to-revive-private-practice-and2025-09-05monthlyhttps://99d.substack.com/p/everyone-is-wrong-about-being-consensus2025-08-29monthlyhttps://99d.substack.com/p/i-was-wrong-about-self-driving2025-08-22monthlyhttps://99d.substack.com/p/product-wont-end-at-chat2025-08-15monthlyhttps://99d.substack.com/p/launching-tech-for-abundance-in-nyc2025-08-08monthlyhttps://99d.substack.com/p/insecurity-is-the-enemy-of-improvement2025-08-01monthlyhttps://99d.substack.com/p/a-short-week-in-review2025-07-27monthlyhttps://99d.substack.com/p/optionality-is-a-mind-virus2025-07-18monthlyhttps://99d.substack.com/p/so-what2025-07-11monthlyhttps://99d.substack.com/p/even-cracked-kids-grow-up2025-07-04monthlyhttps://99d.substack.com/p/superdials-15m-series-a2025-06-27monthlyhttps://99d.substack.com/p/the-rollups-are-rolling2026-02-25monthlyhttps://99d.substack.com/p/six-themes-for-20252025-08-14monthlyhttps://99d.substack.com/p/the-complexity-crisis2025-06-06monthlyhttps://99d.substack.com/p/you-dont-owe-your-investors-or-yourself2025-05-31monthlyhttps://99d.substack.com/p/commitment-as-leverage2025-05-23monthlyhttps://99d.substack.com/p/getting-in-is-harder-than-getting2025-05-16monthlyhttps://99d.substack.com/p/my-thesis-driven-guest-post2025-05-09monthlyhttps://99d.substack.com/p/there-are-only-two-stages2025-05-02monthlyhttps://99d.substack.com/p/value-creation-and-value-capture2025-04-25monthlyhttps://99d.substack.com/p/vesting-schedules-should-be-longer2025-04-18monthlyhttps://99d.substack.com/p/revenue-comes-second2025-04-11monthlyhttps://99d.substack.com/p/abundance-and-tariffs2025-04-04monthlyhttps://99d.substack.com/p/get-ready-to-pay-your-network2025-03-28monthlyhttps://99d.substack.com/p/spend-the-money2025-03-21monthlyhttps://99d.substack.com/p/negotiating-and-alignment2025-03-14monthlyhttps://99d.substack.com/p/legibility-and-liquidity2025-03-07monthlyhttps://99d.substack.com/p/a-cornucopia-of-takes2025-02-28monthlyhttps://99d.substack.com/p/our-smb-thesis2025-02-21monthlyhttps://99d.substack.com/p/our-creator-fund2025-02-14monthlyhttps://99d.substack.com/p/legible-and-illegible-risk2025-02-07monthlyhttps://99d.substack.com/p/a-dinner-to-save-new-york2025-01-31monthlyhttps://99d.substack.com/p/the-next-great-american-home-services2025-01-24monthlyhttps://99d.substack.com/p/the-hard-thing-about-hard-truths2025-01-17monthlyhttps://99d.substack.com/p/what-have-you-done-for-me-lately2025-01-10monthlyhttps://99d.substack.com/p/the-battle-for-new-york-abundance2025-01-03monthlyhttps://99d.substack.com/p/call-your-customers-or-call-your2024-12-21monthlyhttps://99d.substack.com/p/pe-is-the-new-great-villain2024-12-13monthlyhttps://99d.substack.com/p/the-vc-x-pe-supercycle2024-12-06monthlyhttps://99d.substack.com/p/venture-is-a-weird-job2024-11-29monthlyhttps://99d.substack.com/p/when-to-call-me2024-11-22monthlyhttps://99d.substack.com/p/an-abundance-agenda-for-ny2024-11-15monthlyhttps://99d.substack.com/p/some-notes-on-moats2024-11-08monthlyhttps://99d.substack.com/p/seed-investors-should-buy-common2024-11-01monthlyhttps://99d.substack.com/p/you-always-spend-the-money2024-10-25monthlyhttps://99d.substack.com/p/real-world-businesses2024-10-18monthlyhttps://99d.substack.com/p/why-i-love-pre-seed2024-10-11monthlyhttps://99d.substack.com/p/fix-first-conquer-later2024-10-04monthlyhttps://99d.substack.com/p/how-many-ways-can-you-make-money2024-10-01monthlyhttps://99d.substack.com/p/flipping-from-sellers-agents-to-buyers2024-09-29monthlyhttps://99d.substack.com/p/customers-pay-much-more-for-services2024-09-24monthlyhttps://99d.substack.com/p/fragmentation-and-market-structure2024-09-11monthlyhttps://99d.substack.com/p/our-buyout-thesis2024-07-09monthlyhttps://99d.substack.com/p/specialists-and-generalist-investors2024-06-18monthlyhttps://99d.substack.com/p/when-to-build-0-to-12024-06-17monthlyhttps://99d.substack.com/p/how-to-back-or-build-the-new-thing2024-06-10monthlyhttps://99d.substack.com/p/what-most-series-amultistage-investors2024-05-30monthlyhttps://99d.substack.com/p/when-and-how-to-back-franchise-or2024-05-09monthlyhttps://99d.substack.com/p/ai-is-a-bad-biz-model-but-can-be2024-04-04monthlyhttps://99d.substack.com/p/winlose-vs-truefalse2024-04-02monthlyhttps://99d.substack.com/p/why-we-dont-believe-in-vc-value-add2024-03-08monthlyhttps://99d.substack.com/p/our-private-practice-thesis2024-06-17monthlyhttps://99d.substack.com/p/24-predictions-for-20242024-01-04monthlyhttps://99d.substack.com/p/series-as-are-gone-and-theyre-not2024-01-03monthlyhttps://99d.substack.com/p/2023-reading-list2024-01-02monthlyhttps://99d.substack.com/p/the-future-of-software-looks-like2023-12-12monthlyhttps://99d.substack.com/p/the-future-of-healthcare-should-be2023-11-30monthlyhttps://99d.substack.com/p/franchises-can-be-a-vsaas-trojan2023-11-06monthlyhttps://99d.substack.com/p/its-exit-ownership-not-entry-price2023-10-02monthlyhttps://99d.substack.com/p/why-were-backing-pre-seeds2023-09-07monthlyhttps://99d.substack.com/p/embedded-bets-and-expected-value2023-08-11monthlyhttps://99d.substack.com/p/seed-investments-have-to-be-reasonably2023-07-28monthlyhttps://99d.substack.com/p/sales-doesnt-need-more-point-solutions2023-04-25monthlyhttps://99d.substack.com/p/acquirers-wont-bail-you-out2023-04-05monthlyhttps://99d.substack.com/p/vcs-will-learn-to-love-franchises2023-01-30monthlyhttps://99d.substack.com/p/the-best-time-to-build2023-01-24monthlyhttps://99d.substack.com/p/i-dont-get-it-climate-investing2023-02-15monthlyhttps://99d.substack.com/p/2022-reading-list2023-02-15monthlyhttps://99d.substack.com/p/the-point-of-capital2023-02-15monthlyhttps://99d.substack.com/p/our-other-strategic-resources2023-02-15monthlyhttps://99d.substack.com/p/the-kids-are-not-alright2023-02-14monthlyhttps://99d.substack.com/p/digital-health-is-just-ecommerce2023-02-13monthlyhttps://99d.substack.com/p/the-most-important-thing-for-your2023-02-12monthlyhttps://99d.substack.com/p/digital-health-is-dead-long-live2023-02-12monthlyhttps://99d.substack.com/p/the-party-isnt-over-yet2023-02-11monthlyhttps://99d.substack.com/p/if-it-isnt-going-to-work-just-shut2023-02-11monthlyhttps://99d.substack.com/p/marketplaces-are-market-failures2023-02-10monthlyhttps://99d.substack.com/p/2021-reading-list2023-02-09monthlyhttps://99d.substack.com/p/against-optionality2023-02-09monthlyhttps://99d.substack.com/p/be-a-star-or-a-janitor2023-02-08monthlyhttps://99d.substack.com/p/dont-be-a-generalist2023-02-08monthlyhttps://99d.substack.com/p/2020-reading-list2023-02-07monthlyhttps://99d.substack.com/p/what-is-onlyfans2023-01-25monthlyhttps://99d.substack.com/p/back-to-work-again2023-01-23monthlyhttps://99d.substack.com/p/telemedicine-302023-01-23monthlyhttps://99d.substack.com/p/can-unemployment-cause-labor-shortages2023-01-23monthlyhttps://99d.substack.com/p/i-read-the-essay2023-01-23monthlyhttps://99d.substack.com/p/theses-for-20202023-01-23monthlyhttps://99d.substack.com/p/2019-reading-list2023-01-23monthlyhttps://99d.substack.com/p/its-payback-time-again2023-01-23monthlyhttps://99d.substack.com/p/dont-work-in-venture-capital2023-01-23monthlyhttps://99d.substack.com/p/get-poor-quick-schemes2023-01-23monthlyhttps://99d.substack.com/p/dunking-on-vcs2023-01-23monthlyhttps://99d.substack.com/p/role-modeling2023-01-23monthlyhttps://99d.substack.com/p/going-galaxy-brain2023-01-23monthlyhttps://99d.substack.com/p/the-next-hot-business-model2023-01-23monthlyhttps://99d.substack.com/p/long-lyft2023-01-23monthlyhttps://99d.substack.com/p/i-am-the-quant2023-01-23monthlyhttps://99d.substack.com/p/theses-for-2019-and-beyond2023-01-23monthlyhttps://99d.substack.com/p/mostly-garbage2023-01-23monthlyhttps://99d.substack.com/p/mental-health-basest2023-01-23monthlyhttps://99d.substack.com/p/new-year-same-me2023-01-23monthlyhttps://99d.substack.com/p/sexwork2023-01-23monthlyhttps://99d.substack.com/p/mis-adventures-in-co-living2023-01-23monthlyhttps://99d.substack.com/p/back-on-my-bullshit2023-01-23monthlyhttps://99d.substack.com/p/witty-title-tbd2023-01-23monthlyhttps://99d.substack.com/p/free-speech-and-fuckery2023-01-23monthlyhttps://99d.substack.com/p/welcome-wagon2023-01-23monthlyhttps://99d.substack.com/p/a-tipping-point-for-brands2023-01-23monthlyhttps://99d.substack.com/p/links-99d-682023-01-23monthlyhttps://99d.substack.com/p/the-juul-kids-table2023-01-23monthlyhttps://99d.substack.com/p/moving-day2023-01-23monthlyhttps://99d.substack.com/p/facebook-and-regulation2023-01-23monthly