# **Snailmail by Slow Ventures**

# _The Only VC That Will Tell You Like It Is._

### Latest Thoughts

Jun 14, 2026

5 min read

**AI Is Not The Opportunity, The Economic Disruption AI Creates Is The Opportunity.**  
The thing I’m always trying to separate is whether someone has discovered an arbitrage or built a business. The most valuable companies tend to be the ones that own the mechanism that generates the economics, not just the ones that happen to benefit from it for a short period of time

[Slow Ventures](https://snailmail.slow.co/p/ai-is-not-the-opportunity-the-economic-disruption-ai-creates-is-the-opportunity)

May 24, 2026

4 min read

**Most AI Service Companies Are Building The Wrong Thing**  
Plus Sam’s new X playbook, and Slow merch that says the industry's uncomfortable truths out loud.

[Slow Ventures](https://snailmail.slow.co/p/most-ai-service-companies-are-building-the-wrong-thing)

May 10, 2026

5 min read

**How to Price Out-Of-The-Money Seed Investment**  
At seed, you are evaluating two separate things at once: (1) is this a real business with a path to a real outcome, and (2) given how wild the next decade looks, what is the chance this thing becomes something nobody can imagine today.

[Slow Ventures](https://snailmail.slow.co/p/how-to-price-out-of-the-money-seed-investment)