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The Unsophisticated Investor
Raise and deploy private capital on AI-native infrastructure
Written by
Connect
Sep 30, 2026
•
7 min read
Nubank grew rich on Brazil's high interest rates while Monzo grew slowly on Britain's low ones. That difference, more than anything the founders did, explains why the Brazilian lender is now weighing an £8-10 billion bid for its British rival, and why its own shareholders are hesitating on their options.
Sep 23, 2026
A new generation of startups are transforming how healthcare is delivered, and want it to look like a monthly gym membership. This week we take a look at Neko, a $7 billion startup founded by the founder of Spotify, and seeking to transform the diagnostic sector.
Sep 16, 2026
8 min read
Fuse went from a single Scottish wind turbine to 300,000 households and a $550 million run rate in three years. We look at how it was built, what the valuation is priced on, and what it depends on from here.
Sep 11, 2026
9 min read
Sifted released its top 100 Nordic firms last week, which are among Europe’s top performing. We look at the underlying conditions that have made the region so successful at creating breakout founders and venture returns.
Sep 2, 2026
From Anthropic's $30 trillion market pitch to the off-balance-sheet debt funding the AI build-out, this autumn tests whether the bull case can outrun the bear case. We look at the Fed, the grid, the chips, and the upside stories that could define the markets this autumn.
Aug 26, 2026
6 min read
The industrial mobilisation for AI and its infrastructure has pulled the biggest venture funds upward into a handful of enormous deals and left the door wide open for more agile funds that are able to see through the noise of the megadeals. The investors moving into it are smaller, faster and a good deal sharper than the incumbents they are starting to replace.
Aug 19, 2026
10 min read
From scarcity to surplus: how the commoditisation of capital reshaped the venture model, opened the door to a new class of venture capitalist, and left the mega-funds fighting to build media empires and create sovereign scale infrastructure.
Aug 13, 2026
16 min read
In Part 3 of the Evolution of Venture Capital we explore the rise of mega-funds in an era of cheap money and near-zero interest rates, and how the abundance of capital started to change the power dynamics for founders and their investors.
Technology
+13
Jul 30, 2026
19 min read
