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Mid Year 2025 Letter
A tour of the portfolio
Aug 15
11
April 2025
Investment Idea #5: Thryv Holdings | THRY
A unique, unheralded opportunity in small business America
Apr 3
13
1
March 2025
Research Recap | February 2025
Thryv, Upstart, Planet Labs
Mar 4
2
January 2025
Research Recap | January 2025
Planet Labs, Xometry, and Pagaya
Jan 31
6
4
Year End 2024 Letter
If you would prefer to read in PDF format, click below.
Jan 19
9
3
December 2024
Continued thinking on CROX
Maybe the fad risk and acquisition criticisms are overdone
Dec 21, 2024
16
2
Update on Investment Idea #1
I sold half of my position in Spire
Dec 7, 2024
8
3
November 2024
Selling Spire's Maritime Business
A few thoughts on the transaction
Nov 15, 2024
5
3
August 2024
A turn for the worse
Satellite failures, accounting restatements, and covenant breaches at Spire
Aug 25, 2024
9
2
An informative Glassdoor review
A fine point on Planet's GTM struggles
Aug 21, 2024
2
June 2024
Planet Labs Q1 2025 Update
Notes from an interesting quarter
Jun 8, 2024
10
4
May 2024
Two Sides of Matterport
Reflections from a losing and winning bet
May 24, 2024
4
2
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