Thesis might be the most misused word in venture. We use it to think of ourselves as forward-looking. But most of what we call a thesis is just hindsight - usually we're just reverse-engineering the pattern after watching it play out across a dozen companies.

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thesis on creators and startup distribution every tech startup faces a problem where they need distribution at the beginning post-product, even if you are the most cracked developers it does not matter much if you can't get eyes on your product advantage of crypto is apps deployed on permissionless blockchains instantly get access to everyone with a wallet, but you still need a way to signal to a group of active users onchain past few weeks ive seen how protocols have targeted $ANSEM holders as a means of getting immediate eyes on their product by attaching themselves tangentially to the brand and also adding value, best example has been @bullpenNFT, i did not know this team but they committed to buying $ANSEM with 100% of their mint proceeds, another example is @addicteddotfun whose also spent portion of revenue on $ANSEM buybacks creators already have massive distribution at scale on social media platforms, but typically do not have any way of extending their platform to others to add value for their supporters, attention is worth a lot of value in age of digital media but typically the way that creator-consumer relationships work is that companies pay creators X, because they believe that it will result in Y demand for their products where Y >>> X if you flip this model such that creators tokenize their network, then consumers can own a piece of that network and instead of companies marketing just to the creator as an individual to get them to buy other products, they can market directly to token holders, either by creating a protocol that buys & burns $ANSEM with portion of their revenues, or by giving $ANSEM holders unique advantages in their app that other ppl do not have - this works at scale because of the existing distribution of the tokenized attention network, this NFT collection has been #1# in trading volume simply because it has leveraged using these token holders as marketing ppl are greatly discounting how much its possible to extend a network to other protocols and startups when you have both a large amount of attention and a large amount of capital that teams are all vying for, it also removes responsibility from the creator individually because a lot of this is organic and not led by one person, so instead of benefitting from just one attached business $ANSEM actually benefits from multiple businesses, which only becomes more attractive for those businesses as the network grows in size, my vision is to create a way to productize & incentivize this so it's easy for the $ANSEM ecosystem to continue to grow and not be reliant on just me, in addition to the content engine around the black bull meme itself

Contentious thesis Inflation is easing under Trump, with underlying price pressures improving beyond headline CPI and gasoline. The Fed remains too restrictive. As I’ve argued for months, inflation is quietly moderating while growth is quietly accelerating. With the Iran conflict ending, yields retreat, markets shift fully risk-on, and asset prices move higher. 1. Expect choppiness through the midterms. My 2027 S&P 500 target: 10,000. 2. Rates fall and the yield curve normalizes through a bull steepener. Yields are now falling! 3. Breadth expands. Watch the equal-weight S&P 500. 4. Capital rotates into rate-sensitive areas: financials, housing, real estate, small caps, airlines, rails, and consumer discretionary. 5. High-quality Tech and AI names still have room to run, stock selection now matters. 6. Crypto enters a supercycle. 7. Ignore the noise.