This is a good question! Here are things we used to think about in analyst hiring/need analysts to be good at that now won’t be on the list bc agents do it: -reserves analysis and fund modeling -LP reporting and company updates -board meeting summaries and reports -decks -instincts around diligence questions -etc Things they will and agents haven’t replaced: -be immersed in networks of early day founders interested in our thesis areas -be someone those founders want to share ideas with -have great judgement and both interesting and compelling points of view -be human with other humans and an organizer of great people together

We are in a moment of massive manufacturing need and @IsembardGroup sits right at the intersection of 3 happening simultaneously and quickly: 1/ A massively and quickly increasing demand for fast, flexible, and local manufacturing around aerospace, defense, and robotics. 2/ Increasing labor displacement fueling a resurgence in an SMB economy and individuals' desires to own their own destinies/run their own businesses. 3/ Agentic operating systems allowing for fast set ups, networked management, better results, and demand distribution. @IsembardGroup's franchise model and capital efficient approach is allowing incredibly fast scaling, with 25 factories by the end of this year across the US and Europe. @AFitzgerald1992 and his team are well on the path to delivering components 10x faster and 50% cheaper than current suppliers. We are thrilled to lead their $50M Series A @usv as they create the dominant decentralized manufacturing network.