by billdecker | Jun 5, 2026 | Market Notes
Stablecoins were pitched as crypto’s on-ramp. They’ve quietly become something bigger: a genuine payments rail, moving real settlement volume away from the rails that have run global finance for fifty years. Here’s who’s actually benefiting,...
by billdecker | May 19, 2026 | Market Notes
Regulatory clarity used to be treated as a cost of doing business — a compliance checkbox, at best a defensive move. That framing is out of date. In the deals we’re seeing now, clarity is showing up as a genuine competitive advantage, and the projects that got...
by billdecker | May 1, 2026 | Market Notes
Something changed in the diligence calls we’ve sat on over the past quarter. The questions got less about narrative and more about arithmetic — and the founders who could answer in numbers, not adjectives, were the ones who closed. The questions that used to...
by billdecker | Apr 14, 2026 | Market Notes
Down markets don’t create bad decisions. They reveal decisions that were always bad, just previously subsidized by momentum. Here’s how to tell the difference between a market being cruel and a portfolio being wrong. The tell: what you’re checking,...
