Scuttlebutt

Scuttlebutt

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The US mothballed space weapons as China spent about 20 years on them — True Anomaly CEO
10 lessons: China's 2024 test of an orbital strike weapon, $600M of R&D on one spacecraft program with $1B more coming, and why the Pentagon still balks…
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"Can easily be bigger than the entire operation": Federated Hermes CEO on private markets
8 lessons: Why money funds became an oligopoly, what stablecoins should copy from them, why he sells AI to staff as quality rather than cuts, and a 7.5…
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betaworks founder: a chatbot he built for middle schoolers became a $13B exit
6 principles: why he thinks AI was discovered rather than invented, how a question about a company name predicts founder conviction, and why doomerism…
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Oceans co-founder: his Apple team sold $60M of ads in 6 weeks for a product not yet live
17 lessons: Why Steve Jobs vetted the Quattro team for 3 hours, why Etched reminded his partner of a young Zuckerberg, and why AI will mint…
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A $20K drone can shut down a refinery for a year, Mach Industries CEO finds
14 calls: Why cost-plus contracting is "another form of socialism", how Mach's valuation went from $470M to $3.7B this year, and why a Taiwan war would…
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Roaring Brook founder: $3.5 trillion sits unrealized on PE firms' books
8 takeaways: why "ABC" (always be closing) fails with LPs, the double-gated funnel behind every fund check, and the secondary market that's barely been…
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645 Ventures co-founder: selling half of one stake returned 35% of his first fund
18 lessons: why he says $50M seed rounds are bad for companies, why venture prices look exuberant again, and the 40-year-old bank software vendors he is…
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Mighty Capital's managing partner on AI moats: "We mapped 550 companies"
15 arguments: why only OpenAI and Anthropic sit where money raised matches defensibility, why IPOs now start at $10B, and why chief product officers are…
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BFA Family Offices CIO on AI spending: "around 70% of total corporate US capex"
18 arguments: why buyout prices rose from 8x to 12x EBITDA, why public tech earnings beat private equity, why he avoids pod shops, and how he would…
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Private equity is where the real risk sits, not private credit — Monroe Capital's CEO
9 lessons: Why 90% of buyout financing left the banks after 2008, the two ways he says a credit manager makes alpha, and what a 25% CAGR cost him at…
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Support teams now spend about $1,000 a person a month on Claude — Pylon's CEO
19 lessons: Why he says the market beats the founding team every time, how a $100 software seat becomes a $1,000 one, and the hiring question he thinks…
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Vaibhav Agrawal: 99% of LPs say they want to co-invest, and about 2% actually do it
14 arguments: why venture sourcing became a media business, which kinds of work AI takes first, and the two sectors he says the Valley has oversold
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