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    <description>Essays on venture studios, AI as leverage, operators, and building software businesses that compound.</description>
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    <lastBuildDate>Sat, 01 Aug 2026 22:55:34 GMT</lastBuildDate>
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      <title>How we validate demand before writing code</title>
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      <pubDate>Mon, 27 Jul 2026 12:00:00 GMT</pubDate>
      <description>We validate demand with quick, low-cost experiments before coding.</description>
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      <title>Using AI as leverage, not as the product</title>
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      <pubDate>Mon, 20 Jul 2026 12:00:00 GMT</pubDate>
      <description>AI should amplify durable solutions, not be the solution itself.</description>
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      <title>Why recurring revenue beats chasing a big exit</title>
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      <pubDate>Mon, 13 Jul 2026 12:00:00 GMT</pubDate>
      <description>Recurring revenue provides stability and growth for durable businesses.</description>
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      <title>How to pitch a venture studio</title>
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      <pubDate>Mon, 06 Jul 2026 12:00:00 GMT</pubDate>
      <description>Crafting a winning pitch for a venture studio requires clarity, focus, and understanding its values.</description>
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      <title>Retention is the real moat</title>
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      <pubDate>Mon, 29 Jun 2026 12:00:00 GMT</pubDate>
      <description>Retention is the foundation for durable software businesses.</description>
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      <title>What a venture studio actually does</title>
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      <pubDate>Mon, 22 Jun 2026 12:00:00 GMT</pubDate>
      <description>A venture studio builds startups from scratch, offering deep involvement and strategic oversight.</description>
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      <title>How AI changes the unit economics of a small software company</title>
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      <pubDate>Mon, 15 Jun 2026 12:00:00 GMT</pubDate>
      <description>AI can transform small software companies by enhancing operating leverage and margins, but it's not a magic solution for every challenge.</description>
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      <title>The case for boring, durable software in the age of AI</title>
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      <pubDate>Mon, 08 Jun 2026 12:00:00 GMT</pubDate>
      <description>Durable software businesses are designed to last, focusing on sustainability and long-term value.</description>
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      <title>Build versus buy: how a venture studio decides</title>
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      <pubDate>Mon, 01 Jun 2026 12:00:00 GMT</pubDate>
      <description>Deciding between building or buying software depends on the goals and resources we have at hand.</description>
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      <title>How we evaluate a software business before we build or buy</title>
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      <pubDate>Fri, 29 May 2026 12:00:00 GMT</pubDate>
      <description>We evaluate software businesses with a focus on durability, revenue, retention, margins, and AI leverage.</description>
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      <title>What is an AI evergreen company?</title>
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      <pubDate>Fri, 29 May 2026 12:00:00 GMT</pubDate>
      <description>A durable, capital-efficient software business that uses AI as leverage instead of as the story. Here is the definition and the four tests we use.</description>
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      <title>Why we install operators instead of running companies ourselves</title>
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      <pubDate>Fri, 29 May 2026 12:00:00 GMT</pubDate>
      <description>Our operator-led model ensures focused execution and sustainable growth.</description>
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