Mark Peter Davis

Private credit has exploded into a trillion-dollar asset class, but most people outside finance still don’t understand how it works. I sat down with Ivan Zinn, founder of Atalaya Capital Management and now part of Blue Owl Capital, to unpack the real mechanics behind the private credit market. Few people have a clearer view of how capital flows through the economy. During our chat we unpack: - What private credit actually is - Why banks pulled back after the Global Financial Crisis - How private lenders stepped in to finance everything from consumer loans to equipment, infrastructure, and fintech platforms - Where entrepreneurs could build meaningful companies by modernizing the infrastructure behind asset management. Big thanks to Ivan for sharing such a thoughtful and practical perspective on the evolving capital markets ecosystem.

If 1) Full Self Driving (FSD) is safer than human drivers (see chart) and 2) FSD is only available in Teslas. Then is choosing to buy a non-Tesla comparable to choosing to buy a car without a seat belt? cc @elonmusk @Tesla

Humans keep most of their attention focused on the short-term stories (gossip, politics, conflicts) that will largely be forgotten in time. We tend to pay very little attention to the long-term narratives that will define mankind. The scaling of humanoid robot production is one of the most significant developments to be watching. Check it. Your world is changing. 👇 cc @adcock_brett @Figure_robot

@maddiehalla @zsims Sounds like a recipe for a good marriage.

@mpd @zsims I'd say the same thing about him :)

This is extremely cool. It seems to be one of those moments when all of the incentives align and good happens… cc @zsims - you married up…

Some of the more aggressive estimates project that half of the world's population will speak English by 2050. There are ~7,000 languages spoken today, with four languages that are spoken by more than 5% of the global population. The Lingua Franca Ratio (the ratio non-native to native speakers) is probably one of the greatest indicators of the spread of the language. The English language currently has a ratio of 3:1.

A lot of startup advice boils down to "scale fast." But the best founders do the opposite early on. They hand-deliver the product. They personally onboard every customer. They do things that would never work at 10x the size. Paul Graham called it "doing things that don't scale"

I’ve been noodling on the inadequacies of human decision making lately. Simply making a series of good decisions consistently solves most of life’s problems. How many people do you know that objectively and consistently make good decisions? I cant think of many.

Every founder thinks they need to raise more money. But the real question isn't how much — it's how you build the model that tells you. The good ones build a bottoms-up operating model: every hire, every tool, every marketing dollar — month by month.

I want one.

This is a cool analysis the team did. Innovation is democratizing across geographies (globally), which is generally good for humankind. Check it. 👇

This is an insane perspective. And it's all because Europe deviated from the free-market and entrepreneurial-freedom ideals that made them rich in the first place.

Hire the curious ones. So many applicants are blowing my mind on how they are using AI to hack their lives. 🤯 🤖 DM if you want to come work with us @interplay in NYC this summer (internship).

Is the global economy stronger than it looks or more fragile beneath the surface? If you’re trying to reconcile booming markets with rising geopolitical risk, this week’s episode brings an important perspective. I sat down with Chris Zhang, Partner & CIO of Ascend Interplay, to break down the real forces shaping 2026: - How AI is shifting from a narrative to a measurable economic impact - Why labor markets may determine where we go next - Global structural shifts that are underway - from escalating Middle East tensions to the rise of protectionism - and what they imply for supply chains, inflation dynamics, and U.S. debt sustainability. Big thanks to Chris for a thoughtful, data-driven discussion.

.@Interplay alumni Jeremy Banon is off solving real problems. Cyber security needs to get easier for all of us.

Why is U.S. healthcare so broken? If you're not sure why it’s so expensive or dysfunctional, this week’s podcast may illuminate the answers for you. I sat down with Alex Barrett, Cofounder & CEO of @JoinMeroka, who's tackling one of the root problems: - Consolidation that strips doctors of autonomy - Misaligned incentives across the system - Outdated models that sacrifice care for throughput 70% of doctors now work for big systems, but Alex is charting a new path by giving independent practices scale, liquidity, and ownership without the need to sell out. Special thanks to Alex for joining the pod - this is one of the smartest takes I’ve heard on how to fix healthcare from the inside.