Writing
Research
All researchVideos
All videosAI-native vs AI-enabled: the new diligence question (watch on LinkedIn, opens in a new tab)
AI-native and AI-enabled software companies differ on cost attribution, spend predictability and gross margin, even controlling for size. For investors, the question is whether AI was added to the product or the business was built around its economics.
Pricing the model, or the infrastructure? (watch on LinkedIn, opens in a new tab)
96% of CFOs in Cloud Capital's research said multiple AI cost categories exceeded forecast in H1 2026. The largest overruns were in compute infrastructure and data, ahead of model and token costs.
Trust, not tokens (watch on LinkedIn, opens in a new tab)
Models will improve and tokens may get cheaper, but enterprise technology history suggests value accrues to whoever becomes the default, trusted choice.
Background
About- Now
- Cloud Capital. Working with CFOs, CTOs and investors to underwrite AI and cloud infrastructure spend.
- Founded
- AI Launchpad. An accelerator for AI founders, built at Paddle: 350+ startups from 90+ countries.
- Built
- A bootstrapped AI platform, built with friends and exited.
- Research
- Doctoral research at Paris School of Business on governance and corporate carbon outcomes, published in Finance Research Letters.
- Advise
- Builders, investors and governments on policy and investment decisions in human-wrapped AI.