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2025
Why VC and software have PE envy
2025
Vertical AI: Beware what you wrap
2025
Stablecoins in 1,000 words
2024
Cross-border payments in ~1,000 words
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Pricing payments in vertical software
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verticalsoftware.fyi
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Invisible asymptotes in vertical software
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Price and shape risk that others can't or won't
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The future of interchange
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Investing in Rainforest