Perspective — 2026-04-16
Quarterly snapshot. How the company currently sees the world.
- Channel is not a strategy variable. B2C, B2B, B2A resolve to the same value question.
- The company is the asset. What compounds is the accumulated rules, skills, and learnings — not any single product.
- Distribution arbitrage is closing. Defensibility moves toward what the system learns.
- The window to build this shape of company is limited. A few years before the structure sets.
- Reading model release notes is not AI strategy. Building a company edited by AI against a human-seeded spec is.