Insights
Notes on the model, the portfolio and building frontier technology from Europe.
AI & Developer ToolsContext Switching Is the WorkAgentic coding changes the developer's job: less uninterrupted implementation, more dispatching, reviewing, and switching well between parallel streams of work.2026-07-03 · 5 min readAI & Developer ToolsFrom Prompt Engineering to Loop EngineeringWhy the next phase of AI development is less about perfect prompts and more about designing systems that plan, validate, recover and iterate.2026-07-03 · 5 min readAI OperationsThe AI Chief of Staff Is ComingAI assistants are moving beyond prompt-and-response tools. The next step is continuity: priorities, follow-ups, context, and decisions that stay organized over time.2026-06-30 · 5 min readTrustWhy Every User Deserves Their Own AI WorkspaceUseful agent infrastructure should not treat people as anonymous sessions in a shared chatbot. It should give each user a private, isolated AI agent workspace.2026-06-29 · 4 min readWorkflowYour AI Agent Should Live Where You Already WorkAI agents become useful when they meet users in Slack, the browser, messaging, project tools, and daily workflows instead of forcing another dashboard.2026-06-28 · 4 min readStrategyAsymmetric InnovationHow Europe wins the AI race by refusing to run it. A Chinese model erased $589 billion from Nvidia in a single day — and the lesson is not to spend more, but to stop trying.2026-06-24 · 12 min readCategory & ModelThe Listed Studio: what changes when a venture builder goes publicWhy putting a venture builder on a public market is a feature, not a contradiction — permanent capital, public discipline, and the MLPTZ case.2026-06-20 · 9 min readCategory & ModelThe operator-investor model, definedWhat the operator-investor model is, how it differs from passive capital and advisory VC, why senior operators embed inside companies, and why it compounds.2026-06-18 · 8 min readInvestor RelationsMLPTZ explained: ticker, ISIN, and the road to Euronext GrowthMLPTZ is the Euronext Access Paris ticker for Pyratz Corp. (ISIN FR0013371507). The facts on shares, status, calendar and how to invest.2026-06-15 · 7 min readInvestor RelationsHow to Buy MLPTZ Stock (Pyratz Corp): A Practical Guide and What You Need to KnowA practical guide to buying MLPTZ stock (ISIN FR0013371507) on Euronext Access Paris: securities account, limit orders, listing status, and risks.2026-06-12 · 7 min readCategory & ModelVenture Builder vs Venture Studio vs VC: A Working TaxonomyA sourced comparison of venture builders, studios, accelerators, incubators and VCs — on equity, involvement, capital and IRR, plus the listed-studio case.2026-06-10 · 9 min readPublic MarketsEuronext Access vs Euronext Growth: the right market at the right timeA plain-English comparison of Euronext Access vs Growth — listing requirements, disclosure, liquidity and investor profile — with a clear table and a live case study.2026-06-05 · 9 min readCategory & ModelHow venture studios actually make money (and where the IRR comes from)An honest breakdown of venture studio economics: founder equity, fund fees, higher ownership at formation, and where the quoted IRR really comes from.2026-05-28 · 9 min readOn-Chain FinanceConfidential on-chain finance: why privacy is the missing layerWhy public blockchains' transparency blocks institutional adoption — and how fully homomorphic encryption (FHE) makes confidential on-chain finance possible.2026-05-22 · 9 min readVisionSovereign by design: financing Europe's frontier infrastructureThe infrastructure of the next decades is being built now. We think more of it should be owned and governed from Europe.2026-05-22 · 5 min readPublic MarketsReverse takeover, not IPO: how a company can go public differentlyHow a reverse takeover lets a company go public without an IPO — the mechanism, its mixed reputation, and our own RTO into Euronext as the live case.2026-05-15 · 9 min readPublic MarketsEveryone says the public markets are dead. We just listed into that.Fewer IPOs, companies staying private longer, the market written off — and exactly why Pyratz listed as a small cap on Euronext. The contrarian case.2026-05-08 · 10 min readFrontier TechSovereign AI: How Europe Wins by Refusing to Run the Same RaceEurope won't catch America or China on scale. It wins by leveraging its asymmetric strengths: ASML, clean energy, talent, industrial data, and privacy.2026-05-01 · 9 min readOn-Chain FinanceTokenized funds need confidentiality and a regulatory wrapperTokenized funds stall on two barriers: privacy and compliance. Why the winning design pairs confidentiality (FHE) with a UCITS-style regulatory wrapper.2026-04-30 · 9 min readPortfolioBuilt to compound: how each company makes the next one easierA portfolio is not a list of bets. Built well, every company sharpens the tools, network and data the next one starts with.2026-04-30 · 3 min readFrontier TechEurope builds the deep tech and exports the upside: the funding gapEurope builds the world's deep tech but captures little of the capital. Here is the data on the funding gap — and what an operator-investor does about it.2026-04-20 · 11 min readAI & Developer ToolsWe built an AI that beta-tests your appWhat Gadget taught us about the gap between tests that pass and products that are actually ready to ship.2026-04-14 · 6 min readFrontier TechA Regulatory Moat Is an Asset ClassIn Europe, compliance, confidentiality and data residency are not friction but a durable, investable advantage in deeptech. Here is the thesis.2026-04-10 · 9 min read