Trace Cohen | Trace Cohen's Vertical Ai Investor Newsletter

Trace Cohen

Trace Cohen

Memes, Family Offices, Angel/LP in 30+ pre seed startups and funds.

SaaS isn't coming back - It's Ai or Nothing.

2 min read

SaaS isn't coming back - It's Ai or Nothing.

Tech & venture capital, with the VC take — Thursday, June 19, 2026

5 min read

Tech & venture capital, with the VC take — Thursday, June 19, 2026

New AI Startup Valuation vs Revenue: Why the Multiple Is Meaningless Before $10M ARR

3 min read

New AI Startup Valuation vs Revenue: Why the Multiple Is Meaningless Before $10M ARR

What 857 Days of Market Data Actually Tells You

3 min read

What 857 Days of Market Data Actually Tells You

I went viral (1M+ views!): NYC summers hate your weekends.

1 min read

I went viral (1M+ views!): NYC summers hate your weekends.

SpaceX S-1 Breakdown: The Financials Behind the Largest IPO Candidate in Tech

5 min read

SpaceX S-1 Breakdown: The Financials Behind the Largest IPO Candidate in Tech

IPOs are not broken. Reality just changed

3 min read

IPOs are not broken. Reality just changed

Palantir Was Right; Tech + Service = Ai Adoption

3 min read

Palantir Was Right; Tech + Service = Ai Adoption

Canals are a better metaphor for modern defensibility than moats.

2 min read

Canals are a better metaphor for modern defensibility than moats.

Moats are dead. Long live canals.

2 min read

Moats are dead. Long live canals.

New The Software Meltdown Isn’t a Cycle. It’s a Reset.post

3 min read

New The Software Meltdown Isn’t a Cycle. It’s a Reset.post

OpenAI just made its Instagram/YouTube type acquisition

3 min read

OpenAI just made its Instagram/YouTube type acquisition

📊 The 2025 IPO Reality Check

7 min read

📊 The 2025 IPO Reality Check

I Wrote A Book; The Value-Add VC Handbook!

3 min read

I Wrote A Book; The Value-Add VC Handbook!

VC vs PE Performance: The Data Beneath the Narrative

7 min read

VC vs PE Performance: The Data Beneath the Narrative

The Era of Valuation Compression

5 min read

The Era of Valuation Compression

Inside 49 VC Funds: The Data Behind Venture Capital’s Scale Problem

5 min read

Inside 49 VC Funds: The Data Behind Venture Capital’s Scale Problem

Agents, Stablecoins, and the “Death of Interchange”

7 min read

Agents, Stablecoins, and the “Death of Interchange”

Value Add VC is Live!

4 min read

Value Add VC is Live!

I think, therefore I build

5 min read

I think, therefore I build

It Was the Best of Times. It Was the Worst of Times.

7 min read

It Was the Best of Times. It Was the Worst of Times.

Why Did Capital One Just Spend $5B+ to Buy Brex?

7 min read

Why Did Capital One Just Spend $5B+ to Buy Brex?

SaaS isn’t dead. It just isn’t the main character anymore.

6 min read

SaaS isn’t dead. It just isn’t the main character anymore.

a16z, Fund Size, and the Math of Outsized Venture Returns

7 min read

a16z, Fund Size, and the Math of Outsized Venture Returns

Why Enterprise AI Adoption Is Low, Slow, and Mostly Invisible

4 min read

Why Enterprise AI Adoption Is Low, Slow, and Mostly Invisible