[This is one of the first ‘Tactical Notes’ – short-format observations that I jotted down some time ago, where I feel that this snippet is enough and no long format essay is necessary]
The best LPs are intellectual partners — equal in vision, asymmetric in pressure-testing. LPs are mission-critical partners, not passive capital. Too many GPs treat LPs as compliance overhead. That’s a missed opportunity. Our LPs shape how we think, not just what we raise. In a defense-aligned world, they are our extended OODA loop.