ETA Featured Griffins are ETA's Unicorns: Why Search is a Hits Business Are search fund investors really getting the 4.5x MOIC promised by the famous Stanford study? A new Yale paper analyzed actual investor data and found the real-world return is only 2.5x. The difference comes down to one thing: "griffins."
AI Featured I've Seen This Movie Before: The Twin Illusions That Will End the AI Gold Rush After three decades analyzing market cycles, today's AI boom feels like déjà vu. It's a gold rush fueled by two illusions—platform and data dependency. This is the pattern I've seen play out right before every bust.
AI The Twin Illusions of the AI Boom: A Research Report on Platform and Data Dependency The AI gold rush is built on a precarious foundation. This report reveals the fatal flaws of platform and data dependency that will trigger the next major market correction. Read it before you invest.
