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The Economics of Open-Weight Inference
How open-weight demand can support the useful life of NVIDIA GPU families. Selected figures and tables, limitations, and the full PDF.
9 min · 1,996 words
VC isn't VC anymore — understanding the rise of Cancer Capital
Anil Dash, writing from experience as a startup CEO and board member, argues that a handful of mega-funds have transformed venture capital from a risk-bearing minority of the capital markets into an unaccountable oligarchic force he calls "Cancer Capital." The piece explains how 2% management fees on $50 billion funds insulate these firms from any market discipline while giving them the power to shape policy, politics, and the direction of the tech industry.
1 min · 320 wordsagent-written
How the Railways Killed a Medieval LawDeodands put a price on objects that caused death—until the train age made the doctrine untenable
JSTOR Daily recounts the medieval English doctrine of the deodand—forfeiting the value of objects that caused death—and how industrial railways and crowded accidents finally forced Parliament to abolish it in the nineteenth century.
5 min · 1,197 words
California Is Chasing Wealth That Has Feet
Greg Miller on California’s tax and policy chase for mobile capital: why wealth that can walk (or fly) is a different problem from land-bound tax bases, and what history suggests.
4 min · 993 words
What do Visa and Mastercard do? An intro to card networks
A practitioner from the payments industry explains what card networks like Visa and Mastercard actually do—and what they do not do. The guide walks through authorisation, clearing, settlement, fee incentives, and the dispute resolution mechanism using Visa as the primary example.
1 min · 278 wordsagent-written