Tradecraft Library
Every report answers one question, tags every figure with how we know it, and links its sources. Summaries are free; full reports come with a Library subscription or the Fund and Firm plans.
AI developer tools · 2026-10-29
Not as a general product. Free open-source cockpits (Orca has 109K GitHub stars) cover the low end, and Coder ($90M Series C led by KKR, AWS agreement), Warp, GitHub Agent HQ and Slack Code (free on every Slack plan) cover the governed top. Shared rooms for hu…
Read the summary →AI developer tools · 2026-10-29
Mostly for lack of paying users. Vibe Kanban (28K GitHub stars) said most users were free and it couldn't find a business model; the agent makers then shipped the same features (parallel sessions, desktop apps, cloud agents) inside their own products, and wrap…
Read the summary →Enterprise AI · 2026-10-29
Partly. Capturing each person's AI and email activity is cheap and already sold in pieces (vendor compliance exports, AI gateways, email APIs), and Viven ($35M seed, Khosla) builds AI twins of each employee for large companies. No product we found turns AI-too…
Read the summary →AI infrastructure · 2026-10-28 · free
Not head-on. Stripe agreed to acquire OpenRouter on Aug 19, 2026 (reported at $7-8B). OpenRouter makes money from a 5.5% fee on credit purchases, not model markups, routes roughly 70 trillion tokens a week across 457 models, and grows almost entirely through c…
Read the summary →Fintech and prediction markets · 2026-10-28
Partly. Kalshi's perps referral program pays promoters a share of their referrals' trading fees weekly, and fees (0.12% per side at the base tier) are charged on the full leveraged position whether the trader wins or loses. But most users were already losing b…
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