Brandon

(New Essay) The Machinery of Modern Finance On why I think the next ten years of financial innovation will surpass the prior fifty. Give it a read. brandonkumar.substack.com/p/the-machiner…

Update on our product portfolio and approach to L3.

> 1800s: Electricity companies offer incentives for factories to run at night > 1970s: Telecom companies introduce nights & weekends pricing > 2026: Model providers offer double usage during off-peak hours

Sometimes the market does indeed give you a free lunch

CB insights is prob more accurate than the other major models which just goes to show much of a data moat Grok has for certain types of queries

Grok is better at surfacing accurate private co financials than CB insights which costs $60k/year

I'm assembling a team. The goal: win more on Ample ample.money/team (M95HGS)

The reality is that making decks or building models is really just 3-4 years of your career. If you want to rise the ranks in those orgs, you need to be good with people (sourcing deals, fundraising, signing new clients, etc). So if you’re concerned about job displacement, my recommendation is to sharpen your people skills because I don’t think that’s going away.

Excellent essay from Josh. Industries generally oscillate between modular and integrated phases. Banking is deep in a modular phase where distribution, lending, payments, investing, etc. have separated into distinct components. This has driven a migration of profit pools that is relevant for both investors and operators. Recommend reading the full piece. medium.com/letters-from-t…

It’s remarkable how many people on this app are desperate for displacement narratives. The company was bloated irrespective of AI.

I recently came across a developer-agent model that ranks the stages of agentic workflows by employee capability. I think at the best companies even the non-technical people are at level 7 or higher.

I increasingly think the process behind a case study for new hires matters more than the output itself. Watching how someone uses the tools at their disposal to produce the work says more about the candidate than the finished product.

@hoanhan101 yep! morganstanley.com/im/publication…

@brandonkumar can you point me to the source of this text? would love to read the full piece and understand the broader context

The Citrini selloff says more about market structure than it does about long term disruption

I genuinely think the most beautiful thing about sports is that in this moment, every person in the country felt the exact same feeling that these guys feel here

High-agency (non-technical) vs low-agency (technical) talent is the most interesting disparity in tech right now

@brandonkumar which tweet?

It’s remarkable how many billions in market cap Anthropic’s comms team can erase with a single tweet.

This is an excerpt from coverage of the Blue Owl debacle but it’s relevant for anyone who thinks they can earn 20%+ risk-free yield onchain.