Observations on internet businesses, investing philosophy, technology, and the lessons of building over long time horizons.
March 2026
In a landscape obsessed with speed and scale, the ability to wait — to let an idea mature without forcing premature growth — has become one of the most undervalued advantages in building internet businesses.
February 2026
The most durable businesses we have encountered are rarely exciting at first glance. They are the pipes, the rails, the settlement layers that more visible companies depend upon to function.
January 2026
A mediocre product with excellent distribution will almost always outperform an excellent product with mediocre distribution. This observation has shaped how we evaluate every opportunity.
December 2025
A reflection on how relationships formed through early internet communities evolved into the partnership that became Misfits Ventures. On trust, shared context, and the compounding value of long-term collaboration.
November 2025
Why we prefer making many small investments over a few large ones, and how this approach has shaped our portfolio and our temperament as investors.