{
  "_meta": {
    "source": "https://mtb.xyz/posts/year/2025.json",
    "year": "2025",
    "generated_at": "2026-05-15T00:18:22.382Z",
    "count": 4,
    "parent": "https://mtb.xyz/posts.json",
    "author": {
      "@type": "Person",
      "name": "Matt Brown",
      "url": "https://mtb.xyz/",
      "jobTitle": "Investor",
      "worksFor": "Matrix Partners",
      "sameAs": [
        "https://x.com/mattbrown",
        "https://www.linkedin.com/in/matttb/",
        "https://github.com/matttbrown",
        "https://notes.mtb.xyz",
        "https://www.matrix.vc/people/matt-brown"
      ]
    }
  },
  "posts": [
    {
      "title": "Your data model is your destiny",
      "url": "https://notes.mtb.xyz/p/your-data-model-is-your-destiny",
      "year": "2025",
      "tags": [
        "frameworks",
        "vertical-software"
      ],
      "primary_topic": "vertical-software",
      "featured": true,
      "featured_order": 1,
      "description": "When code is commoditized, your data model is the last durable moat",
      "summary": "As code becomes cheap and software increasingly commoditized, the durable competitive moat for vertical software shifts from feature differentiation to the structure and depth of the underlying data model. Data-model design decisions compound over years and become harder to copy than UI or workflow.",
      "platform": "notes.mtb.xyz",
      "is_external": false,
      "markdown_url": "/posts/your-data-model-is-your-destiny.md"
    },
    {
      "title": "Why VC and software have PE envy",
      "url": "https://notes.mtb.xyz/p/vc-pe-envy",
      "year": "2025",
      "tags": [
        "investing",
        "frameworks"
      ],
      "primary_topic": "investing",
      "featured": true,
      "featured_order": 7,
      "description": "Three hybrid models blurring the line between VC and PE",
      "summary": "VC and software investors are increasingly adopting playbooks from private equity, including hold-and-build strategies, multi-fund continuity vehicles, and operating-driven value creation. The piece walks through three hybrid models emerging at the VC/PE seam and what each means for venture economics.",
      "platform": "notes.mtb.xyz",
      "is_external": false,
      "markdown_url": "/posts/vc-pe-envy.md"
    },
    {
      "title": "Vertical AI: beware what you wrap",
      "url": "https://notes.mtb.xyz/p/vertical-ai-beware-what-you-wrap",
      "year": "2025",
      "tags": [
        "vertical-software",
        "ai",
        "frameworks"
      ],
      "primary_topic": "ai",
      "featured": true,
      "featured_order": 9,
      "isPopular": true,
      "description": "AI commoditizes fast. The moat is the system of record, not the model",
      "summary": "A cautionary frame for vertical AI products that wrap a model as their core value. The model layer commoditizes quickly while durable advantage stays at the system-of-record layer, namely the proprietary data, workflows, and integrations that AI can only augment, not replace.",
      "platform": "notes.mtb.xyz",
      "is_external": false,
      "markdown_url": "/posts/vertical-ai-beware-what-you-wrap.md"
    },
    {
      "title": "Stablecoins in 1,000 words",
      "url": "https://notes.mtb.xyz/p/stablecoins-1000-words",
      "year": "2025",
      "tags": [
        "fintech",
        "payments"
      ],
      "primary_topic": "payments",
      "series": "1000-words",
      "featured": true,
      "featured_order": 6,
      "isPopular": true,
      "description": "What stablecoins are, how they work, and why they matter for payments",
      "summary": "A short explainer of stablecoins from a payments perspective: what they actually are technically, how they hold their peg, the major issuers and reserve models, and where they realistically slot into payment rails, particularly cross-border and B2B.",
      "platform": "notes.mtb.xyz",
      "is_external": false,
      "markdown_url": "/posts/stablecoins-1000-words.md"
    }
  ]
}