Who will be first to tranche AI compute financing with a 'literally infinite IRR'?
matt_slotnick · x · 2026-10-17
A pointed joke about AI compute financing: who will be the first trailblazer to structure a tranched deal where the first tranche sells secondary to the second tranche at "literally infinite IRR" — a jab at circular investment and valuation games in today's compute deals.
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