views
I asked a model to launch a $2B services roll up. It named the fund, designed the logo, scraped every founder over 55 within a 50 mile radius of a metro with above average household income, and ranked them by “succession anxiety score.” It built the investment committee memo before
life
Vox on the rise of “admin nights” — friends hanging out while doing life chores (budgeting, emails, meal prep), i.e., the new nightlife for people with calendars and back-to-back calls. link Reuters on “sober raves” taking off with Gen Z — earlier nights, no hangovers, still a proper dance floor. link
news
McKinsey Declares “The Fog Has Lifted” on Private Equity McKinsey’s 2026 Global Private Markets Report says the fog has finally lifted, with buyouts up, exits rebounding, and IPOs creeping back after three flat years. That may be true, but the backlog of PE-owned companies is at record highs and
deals
Ariel Alternatives Acquires Front Line Power Construction Ariel Alternatives has acquired Front Line Power Construction, with Cherokee Nation Businesses joining as a minority co-investor. Power grid infrastructure is no longer theoretical. It’s cables, substations, and hard backlog tied to AI data centers and electrification mandates. This isn’t energy-transition
views
You see this constantly in home services and other PE-backed, multi-location businesses. New locations are added faster than systems mature. Marketing budgets increase, but lead quality becomes harder to explain. Revenue targets go up, while visibility into what’s actually driving demand goes down. On paper, the business is scaling.
views
Somehow we all accept that in every other part of the business. Capex gets a model. Headcount gets a plan. Even the CFO’s “strategic initiatives” get a spreadsheet and a quiet prayer. Marketing gets vibes. That’s why I call the right theory "Investment Marketing". Marketing is
views
It’s lost on “good” deals that nobody knows how to run. The model works. The thesis makes sense. The entry multiple is defensible. Then the deal closes. The deal team rotates to the next opportunity. Attention shifts. Execution becomes someone else’s problem. That’s when ambiguity creeps in.
views
CFO wants ROI by channel. Marketing says attribution is complicated. Both are correct. One is trying to run a business. The other is trying to win an argument. Attribution is the adult version of astrology. It’s brilliant at explaining the past and useless at predicting the future. And somehow
views
It’s evidence you know how to raise a fund. Those two skills get conflated constantly. Conveniently. Raising capital proves you can tell a compelling story, manage a process, and convince LPs. It does not prove you can fix pricing. It does not prove you can scale demand. It does
views
You’ve met them. Their superpower is turning reality into a “narrative” and then asking Comms to make it feel “more confident”. This chart is basically the leadership landscape. Top left: doing the actual work. Calling the ugly stuff early. Making decisions that annoy people in the moment and save
views
The pitch is always the same. Senior people. “A team”. “Specialists”. “We’ve done this before.” Then the project starts and you meet your real agency. A junior account manager, a rotating cast of channel kids, and one person who seems to have been awake since 2019. And every month
life
Vogue’s remix of Gainsborough portraits vs the runway is a tidy reminder that “quiet luxury” is just 300-year-old status signaling with better lighting. link Travel + Leisure says solo travel is surging (and the “trending” list is basically California + a few obvious staples), which is your permission slip to book