# **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.

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.

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.