Ryan Hanley

And, um, you know, and then everyone's just using it to write emails.

So it's like, what are we even talking about?

Um, but you know, from your seat, when you're, when you know, with, with your investment thesis, like, what are you, what are you seeing coming that gets you excited that you're spending time on from a, from a sector perspective?

Yeah.

As an experiment, I was using one of, like, the vibe coding platforms just to say, like, you know, you read all this stuff online, you hear different things, and I was like, okay, I want to just see, like, what's real and what's not real?

Like, how hard is this actually to do?

And, you know, I think very basic, you know, just for those who haven't played with these things at home, you know, very basic applications, simple API connections into different systems.

You can set up and create some nice little neat,

you know, kind of straightforward functional applications, you can vibe code pretty well.

And then there becomes a spot where if you want to really take this to the next level, you have to do real development work and solidify the systems and do different stuff that I think is the next level.

But what hit me was,

If, you know, this Jamoke sitting in his house on a Saturday morning while his kids are watching TV is vibe coding up an application that I can sell in three hours, right?

How does someone who's out there maybe solving a similar problem, but I'll say in a more real way, I don't want to discount a vibe coded platform, but like, you know, in a more entrenched and long-term way, right?

how do you figure out the signal from the noise in that scenario, right?

So like, let's say you've taken on, you've put your own money in, you have a team, you're doing something similar, and maybe from a consumer perspective, sounds similar, but is deeper, richer, more secure, et cetera, than something I just, you know, told the computer to make while, you know, again, while I was having my cup of coffee on a Saturday morning.

But to a consumer, front-facing, very difficult to differentiate between my very light, vibe-coded thing and this more entrenched piece.

How are you working with or what are you seeing from your portfolio companies or just the market in general?

Like, I don't want to say real businesses, but, you know, how do they...

If this is something that I'm going to do for 10 years, this is a real company, I want to expand it, I want to grow it, I eventually want to take on capital, whatever, versus my little side hustle, side quest project, how does that company stand out today when there's so much noise in the marketplace versus the 400 vibe-coded things that kind of look and feel like it?

Yeah, it's funny.