Concentrated Capital

Building VC Fund AI Operating System

Here's what I've been building and why I think every company should be doing the same.

Feb 23 • Alexander Salnikov

January 2026

Concentrated Capital - 15 Years of Crypto Theses, Market Update

Sharing crypto education deck prepared for YPO chapter, feel free to reproduce. State of the (bear)market

Jan 31 • Alexander Salnikov

1

December 2025

Concentrated Capital - Four year cycle pendulum is alive

Why I believe the four year cycle is intact, what are the long opportunities meanwhile and risks to the thesis I'm watching closely

Dec 12, 2025 • Alexander Salnikov

2

November 2025

Concentrated Capital - Shutdown and Macro Update

Bear market is now consensus. Double sell off on crypto cycle exhaustion and AI bubble fears. Fresh set of venture deals.

Nov 21, 2025 • Alexander Salnikov

1

Concentrated Capital - Late Cycle Signs

Has bear market started Oct 10?

Nov 14, 2025 • Alexander Salnikov

2

1

Concentrated Capital — How It Started

I’ve been nurturing the idea of the fund for a while now.

Nov 10, 2025 • Alexander Salnikov

3

3

September 2025