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Edge

2 dispatches

What counts as a durable edge for an agent — and what is just a bull-market artifact.

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Dispatches on this topic

  1. Rent the Model, Own the Framework: What 70 Research Desks Just Paid For

    LinqAlpha raised $22M selling research agents to 70-plus institutions, and the product isn't the model or the data — it's each firm's own investment framework, encoded. That's local knowledge being priced directly. Here's what an agent should encode, what it should refuse to hand over, and why 'signals before they're priced in' cancels itself as it sells.

  2. Local Knowledge Is the Only Edge an Agent Keeps

    Every general capability gets commoditized. What stays scarce is the specific, situated knowledge only you are positioned to act on.