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The Last Cycle Where “Dumb” Money Ruled: How Technology Is Reshaping Dealmaking
I still remember the smoke-filled rooms. Hell, I’m probably still in them more often than I’d like to admit. The heavy sliding doors, the quiet favors, the look in a guy’s eye that told you more than a spreadsheet ever could. Dealmaking used to be a craft—a game of handshakes, cigars, and a toast to…
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Why Owning the Pipe Is Always Better Than Owning the Product
Build the toll road. Let others pay to drive on it. In a world currently obsessed with launching products, building apps, or selling shiny new things, the real money has always been in owning the pipe—the system that every other product relies on. Apple doesn’t just sell iPhones; it takes a cut of everything that…
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The Death of the Middleman: Why Vertical Integration Is the New Alpha
We’re entering an era where middlemen are a liability—a tax on margin, speed, and control. In every sector, the most dominant players aren’t just optimizing—they’re owning the entire stack. From sourcing to delivery, from data to distribution, from capital to content—vertical integration is the new alpha strategy. Whether it’s Tesla ripping out the auto dealer…
