A researcher who invests · Sydney · Est. 2019

Big ideas,specific bets& rabbit holes

The record

Jul 2026Memo

Panthalassa

A wave-powered ocean data center Thiel just backed. The platform may be worth building; the cargo it carries is racing to zero.

PASS

May 2026Thesis

Photonic Interconnect

Light as the structural successor to copper in AI scale-up.

Active conviction

Updated Jul 2026Memo

Dolphin Network

They built the customer before they built the network. The token buys itself with 100% of network revenue. The API has not opened yet.

STARTER

May 2026Research

Hard Limits on Sparse Bioelectric Control

Bioelectric repair is a dimensionality problem, not a dose problem. Below a critical number of intervention sites, no amount of stimulation works.

Mar 2026Research

Stranded or Fungible?

Testing whether Extropic’s thermodynamic-computing moat survives scale. On what I could measure, the moat looks more like a head start.

Nov 2025Memo

Venice AI

A dual-token AI protocol — VVV for ownership, DIEM for compute — built for autonomous agents, not humans.

Active conviction

Jan 2025Research

Culture Without Function

Emergent coordination in artificial systems, through costly signals.

Philosophy

──── 01

Most of life's returns compound at the edges. The comfortable middle (in portfolios, in careers, in opinions) is the riskiest place to be.

One tail

The quiet things that compound for decades: scarce real estate, daily training, physical books, your family and 'friends for life'.

The other tail

Concentrated bets on the frontier, AI and crypto and the research underneath.

Read the manifesto→

Principal

Chris Cable

A decade across investment banking, operator work at Diageo in New York, and now allocating capital at the edges of AI, crypto, and frontier science. This is where I write up the thinking: investment theses, memos on deals I passed on, and research I got into. There’s no fund, no newsletter, nothing to sell.

About Direct email