Archive - Carry On Capital

The SaaS Model's Real Existential Threat Is Your Weekend

Contracts, not products, are the only thing keeping SaaS companies alive

Jan 20 • Mark Lewis

December 2025

The Trillion-Dollar Depreciation Gamble

How Debt-Financed AI Infrastructure, GPU Collateral, and Aggressive Accounting Collide

Dec 17, 2025 • Mark Lewis

November 2025

OpenDoor and OpenStore: A Masterclass in Value Destruction

What happens when VC investors masquerade as PE investors? $2 billion goes up in flames

Nov 24, 2025 • Mark Lewis

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