The Cap Table — Pre IPO Podcast

Focus your portfolio on AI Infrastructure rather than applications, as semiconductors, data centers, and energy providers currently offer the most stable "picks and shovels" investment path. Prioritize the Nuclear Energy sector, specifically companies like Valor Atomics that utilize Small Modular Reactors (SMRs) to solve the massive power bottleneck facing AI data centers. Consider a speculative, small-cap allocation (under 5%) in specialized semiconductor plays like Etched or "Neo-cloud" providers like Together AI to capture the massive shift toward Inference and Open-Source model hosting. For those seeking high-risk "grand slam" returns, monitor the humanoid robotics sector with a focus on Figure AI, 1X, and Tesla (TSLA). When evaluating software, only invest in companies that offer open architecture and outcome-based pricing to ensure they can survive the transition away from closed-model dominance.