Essays on enterprise strategy, AI operating models, and technology leadership for investors, boards, and executives.
Features can be replicated in weeks. Pricing power built on functionality alone is eroding. The companies that win the next decade won't out-feature their competitors — they'll out-moat them in ways AI itself cannot easily erode.
AI now writes a meaningful share of enterprise software. The executives and board members who govern that software have largely never touched the tools producing it. That gap is no longer theoretical — it is a liability showing up in audits, incidents, and portfolio valuations.
Most enterprises are structurally optimized for one game. The ones that endure have learned to play two simultaneously — and to keep score differently on each.