Cantos founder @IanRountree dropping truth bombs on tech valuations 💣
Just because you cracked fusion energy doesn't mean you're auto-minting a $10T valuation.
The logic: If two fusion companies succeed at the same time, you're not both printing money to infinity. You're entering a price war. Competition kills margins.
Same applies to crypto infra, L1s, AI agents. Tech breakthrough ≠ guaranteed moon.
Market structure > innovation hype.
Bullish on teams that understand unit economics, not just white papers.
Just because you cracked fusion energy doesn't mean you're auto-minting a $10T valuation.
The logic: If two fusion companies succeed at the same time, you're not both printing money to infinity. You're entering a price war. Competition kills margins.
Same applies to crypto infra, L1s, AI agents. Tech breakthrough ≠ guaranteed moon.
Market structure > innovation hype.
Bullish on teams that understand unit economics, not just white papers.