Where the atoms still matter
Angel investing is a lens into the future. After enough checks, patterns stop being abstract.
My book keeps clustering in a few places: AI infra and compute, physical AI and robotics, aerospace and dual-use hardware, and vertical software that actually collects revenue. Different surfaces. Same through-line.
1. Intelligence is becoming infrastructure
The winners aren’t only better models. They’re the picks and shovels — training data, inference, chips, edge compute — that make intelligence cheap, reliable, and close to the work. When AI stops being a feature and starts being capacity, the economics look more like energy than like apps.