§ Journal · Vol I
Field notes,
letters, and
occasional memos.
Published when there is something to say. Quarterly portfolio letters, longer essays on operating, and the occasional opinion.
- 03 Portfolio note — Q1 2026 A short letter on what changed across the portfolio in the first quarter, and what we're paying attention to next. 3 min
- 02 The quiet compounding of craft Notes on why brand, product, and operations are not separate disciplines — and why most companies treat them as if they were. 6 min
- 01 On deliberate smallness Why we hold a tiny portfolio on purpose, and what that means for the founders we work with. 4 min
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