A lot has happened since my last update. Between summer distractions and a stubborn case of writer's block, I skipped a few posts I meant to share. But as the saying goes, better late than never! Here is the long-awaited update. The tech ecosystem has officially entered its “reckoning” phase. If the last two years were defined by unconstrained optimism, massive capital deployments, and a collective fear of missing out, today's reality is dictated by unit economics, margin calls, and questions about return of investments. From corporate boardrooms to hedge fund desks, the blind faith in raw optimism is giving way to hard accountability. Here is a breakdown of the structural shifts reshaping the current landscape. 1. From TokenMaxxing to Tokenomics The Shift: Moving from metric-less AI consumption to rigorous optimization and ROI. Earlier this year, tech culture birthed a bizarre internal performance metric: "TokenMaxxing." Spurred by remarks from tech leaders - that...
Happy (almost) Summer! After watching Kevin Warsh get sworn in at a White House ceremony two days ago, tracking three S-1 filings that could collectively hoover up more capital than every U.S. IPO since 2022 combined, and watching 26-year-old stock charts finally break to new highs — it felt like the right moment to ask the uncomfortable question out loud. Are we at a party that ends gracefully, or one that ends with the furniture on fire? The market is simultaneously flashing the neon signs of 1999 and the orchestral excess of 1927. Most commentators reach for the dot-com playbook. I think the original Roaring Twenties is the better map. Here's why... Assembly Lines to AI Clusters Ford's River Rouge complex was the largest industrial facility on earth in the 1920s — raw iron in one end, a Model T out the other. Steel, rubber, and oil became the picks-and-shovels of the age. GE and Westinghouse were electrifying factories and homes. The infrastructure buildout was ...