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Two Exits Later

Two Exits Later

Teardowns of billion-dollar companies down to the architecture, the real numbers behind my own, and the decision log of what I build next. From a founder who still ships the code.

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How to Have an Endless Supply of Tokens in Codex

How to Have an Endless Supply of Tokens in Codex

The exact Codex Router setup I use to keep Sol or Luna as manager and delegate repository work to DeepSeek V4 Flash.

Aug 25, 2026

We Built Shopify's Shop App Before Shopify Did. Then I Killed It.

We Built Shopify's Shop App Before Shopify Did. Then I Killed It.

My biggest mistake as a first-time founder was treating one weak marketing test as proof that the business model was broken.

Aug 18, 2026

Yandex Bought Our Barely Launched App for $3.1M. I Did Not Get Rich.

Yandex Bought Our Barely Launched App for $3.1M. I Did Not Get Rich.

Zen's CPO found me on Instagram. We rejected Yandex three times. The product was only about three months old.

Aug 11, 2026

Venture Funding Update, July 2026: SaaS Is Not Dead. Subscription-Only Is.

Venture Funding Update, July 2026: SaaS Is Not Dead. Subscription-Only Is.

What 63 capital-light startups reveal about how recurring revenue is changing.

Aug 4, 2026

30 Accelerators, Programs, and Funds Before an MVP: A Comparison With Pre-Seed

30 Accelerators, Programs, and Funds Before an MVP: A Comparison With Pre-Seed

I compared 30 ultra-early-stage offers with US pre-seed benchmarks. The advertised amount often mixed upfront capital, conditional funding, and non-cash support.

Jul 28, 2026

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Two Exits Later

Teardowns of billion-dollar companies down to the architecture, the real numbers behind my own, and the decision log of what I build next. From a founder who still ships the code.

© 2026 Two Exits Later.
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