Insights & News

If it isn't written, it isn't thought through.

We publish our theses, our portfolio data, and our news — including the calls that turned out wrong.

The inference margin is the new gross margin

Application companies are quietly becoming infrastructure companies. Whoever owns the cost curve owns the category.

Compliance work looks like drag until it becomes the reason a buyer cannot switch away from you.

A $6M first round to build error-corrected control hardware for superconducting processors.

Two paragraphs, one number, and the objection you expect us to raise.

Time-to-hire, offer acceptance, and the first five roles that actually moved revenue.

Three years after our first check, Meridian now documents care in 240 clinics.