The Truth About Bridge Rounds
When bridge rounds help, when they hurt, and what they signal about a company's next financing path.
By Aubrie PaganoSelected essays, field studies, and portfolio notes from the archive.
Back to writingA No-BS Framework for AI Products
A practical way to evaluate AI products beyond hype cycles, wrapper risk, and surface-level automation claims.
By Noah WilliamsWelcome to the Herd: Applied Atomics
Why Alpaca backed full-stack, co-located nuclear power for hyperscalers and advanced industry.
By Aubrie PaganoField Study: U.S. Power Availability
A look at the power constraints shaping AI infrastructure, energy markets, and physical industry.
By Josh JagotaField Study: AI x Real Estate Investment Management
How AI can change asset performance, deal workflows, and real estate investment management.
By Andrew PengAI in Real Estate Underwriting and Acquisitions
AI-native underwriting, acquisitions workflows, and how real estate teams evaluate new tools.
By Andrew PengField Study: Personalization in E-Commerce
Research on personalization, commerce infrastructure, and adaptive digital retail experiences.
By Aubrie Pagano and Makda FitsumField Study: Food Tech 2.0
Logistics, visibility, inventory management, and software opportunities across the cold chain.
By Aubrie Pagano, Alex Morley and Declan Sander