TechBreakdowns

Nu: A Better Bank, but at What Price?

A purple card, a $1 monthly cost to serve, and a lot to like. I dug into the business, what could break it, and how much growth we’re already paying…

Sep 7 • Ash Anderson

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August 2026

GitLab: The Invisible Fortress of Enterprise Software

GitHub won developer culture. GitLab built the tollbooth for regulated enterprise code. Inside the unglamorous control plane quietly gating the software…

Aug 25 • Ash Anderson

3

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The Price of Friction

dLocal owns the local rails Big Tech can’t build on their own. But when your enterprise customers 10x in size, who really captures the economics?

Aug 17 • Ash Anderson

2

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Adobe: A Generational Bargain, Or A Value Trap?

Down more than 60%, priced as if it never grows again, and still compounding 13%. I finally did the leg work I'd been too scared to do.

Aug 8 • Ash Anderson

MercadoLibre: The Everything Store That Became a Bank

A 100-bagger since 2007 that built the rails no one else would

Aug 3 • Ash Anderson

2

July 2026

Tech Reinvestors

The companies that feed every dollar back into the machine. Where the doublers live, and the discipline that keeps the upside from becoming a trap.

Jul 31 • Ash Anderson

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Tech Cannibals

The quality-edge in technology investment

Jul 29 • Ash Anderson

June 2026

The Race Is Guaranteed. The Winner Isn't - A Breakdown of Aurora

Aurora has the only driverless trucks on the highway. That's not the same as winning.

Jun 12 • Ash Anderson

The Invisible Bottleneck in the AI Data Center: AOI Breakdown

How microscopic lasers, grown from the crystal up, are replacing copper wire to keep hyperscale networks alive.

Jun 5 • Ash Anderson

May 2026

Rocket Lab: Where I Was Wrong

Revisiting the vertical monopoly thesis at $72 billion

May 20 • Ash Anderson