THE WEEKLY NEWSLETTER
Signal & Noise
A weekly broadsheet for tech and startups. High signal, low noise. Dispatched every Tuesday.
LATEST ISSUE · #142
The End of the Zero Interest Reality Distortion Field
For the last decade, cheap capital acted as a universal solvent, washing away bad unit economics and questionable business models. Founders were rewarded for growth at all costs, and investors were happy to foot the bill. The ecosystem operated under a collective hallucination that the music would never stop.
But the music has stopped. As we transition back to a historical norm for the cost of capital, the entire startup playbook is being rewritten in real-time. The companies that survive won't be the ones that pivot fastest—they'll be the ones that actually remember how to build a real business.
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THE WRITER
Decoding the noise.
After a decade building product at high-growth startups, I realized the most valuable asset in tech wasn't capital or code—it was clarity. The industry runs on hype cycles, making it nearly impossible to distinguish fundamental shifts from passing fads.
Signal & Noise was born out of a personal need to step back. Every Tuesday, I distill the week's events into an essay that focuses on structural changes rather than daily headlines. No PR fluff, no sponsored deep-dives. Just analysis.
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