27.
Cash is a bet on the widening AI capability gap
The point is that holding capital can be rational when the useful frontier is moving faster than you can spend
@catboosted on Backlist
2 appearances on the backlist front page in the last 30 days.
24.
SaaS vs. DaaS: where tacit expertise gets monetized
When tacit expertise trains frontier models instead of becoming bespoke software, founders trade durable end-customer revenue for easier distribution through labs