FTX collapsed in November 2022 with $8.9 billion in customer funds missing. The governance failures weren't hidden — they were hiding in plain sight
When Capital Concentrates: What the AI Funding Pattern Is Actually Telling Us
AI is eating the funding landscape. The barbell is widening — massive bets at the top, specialised plays at the base. The middle is thinning.
The Innovation Paradox: Why Having More Ideas Than Ever — With Less Capital Than Before — Is Actually a Strategic Opportunity
Ideas are abundant. Capital is scarce. That tension isn't just a funding problem — it's a strategic signal about which innovation frameworks actually work under pressure.