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The best pieces you’ve missed...

Our all-time best content after 650+ newsletters

Jun 11, 2025

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17 min read

audiences and AUM

Inside the secret flywheels that are shaping the new venture playbook

May 9, 2025

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17 min read

narrative capital (converting attention to equity)

~2,500 words on what I think is the biggest thing going on in venture

Sep 29, 2025

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10 min read

some things I currently hate about startup culture

Exiting the echo chamber, some fund updates, and the best of the best from last week

Jun 7, 2023

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19 min read

99 brutally honest takeaways from working in venture capital

Our updated list of non-obvious things we've noticed

Feb 28, 2025

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14 min read

buying networks, compounding leverage, and a different approach to solving the coverage problem

Why knowledge is no longer a moat, a bleak future for junior investor roles, and some explanations for the emerging manager boom

Apr 26, 2024

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23 min read

outlier frameworks: how tier-one investors think

96 mental models used by investors at Sequoia, Benchmark, Accel, and others

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Content magnets that attract audiences and expand surface area
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I realized this years ago when I started Confluence, and I have been building on this idea ever since.

Today, I run a small investment firm that backs the best opportunities surfaced through the work of this newsletter. The firm is called Outlaw.

To learn more about the fund, shoot me a note at clay at outlaw dot vc.