ABOUT GONZO CAPITAL

CAPITAL WITH A CONSCIENCE. CHAOS WITH A POINT.

Gonzo Capital is an independent publication about money, technology, power, politics, culture, and the increasingly strange systems shaping modern life.

It is written from an unusual vantage point, somewhere inside venture capital and technology, but with one foot permanently lodged outside the door.

The result is part essay, part criticism, part personal experience, and occasionally part poorly supervised historical digression.

No corporate voice. No content farm. No algorithm deciding what deserves your attention.

Just an attempt to look at what is happening, ask who benefits, remember how we got here, and resist pretending any of this is normal.What Subscribing Gets You

Every past essay, unlocked immediately. Every future dispatch on investing, technology, and power, landing straight in your inbox the day it's written, before anyone's had the chance to clean it up.

A running account of what capital actually does, not what it says it's doing, from someone who's watched the gap between those two things up close for years.

The kind of thing said in the room after the good part of the meeting ends and everyone stops performing.

WHAT YOU'LL FIND HERE

Most Wednesdays, Gonzo Capital publishes a long-form essay.

Venture capital. Artificial intelligence. Surveillance. Internet culture. Markets. Politics. Technology. Capitalism. Creative work. History. Science fiction. Occasionally something stranger.

The subject changes. The underlying questions tend not to.

Who has power?

What incentives are actually driving the system?

What happens to ordinary people when technology, capital, and institutions collide?

And why does everyone involved insist everything is going according to plan?

ESSAYS & FIELD NOTES

Gonzo Capital has two recurring formats.

Essays are the main event: longer arguments, stories, experiments, rabbit holes, and attempts to make sense of something worth spending time on.

Field Notes arrive on the last Wednesday of each month: a looser collection of ideas, stories, links, books, observations, cultural debris, and things that refused to leave my head alone.

Same publication. Same inbox. Slightly different levels of structural integrity.

WHO WRITES THIS?

Gonzo Capital is written by Carmelo Giuliano, an investor, founding partner at Arcanum Ventures, venture capitalist, advisor, and historian by training.

I have spent years working with founders, investing in technology companies, raising capital, advising startups, and sitting in rooms where people make very expensive predictions about the future.

Being inside those rooms is useful.

Believing everything said inside them would be considerably less useful.

My background in history makes it difficult to look at technology, markets, politics, or institutions as if they appeared yesterday. Most supposedly unprecedented things have ancestors. Most inevitable futures turn out not to have been inevitable at all.

Gonzo Capital is where I try to connect those dots, including the ones that make my own industry uncomfortable.

WHO THIS IS FOR

Founders. Investors. Technologists. Skeptics. People interested in how power actually operates. People who still enjoy reading things longer than twelve and a half words.

It is especially for anyone who has noticed a persistent gap between how the world is described by institutions and how it feels when you actually live inside it.

You do not have to agree with me.

Frankly, that would get boring.

CONSIDER YOURSELF IN THE ROOM.

Gonzo Capital is independent and free to read.

New essays arrive most Wednesdays, with Field Notes closing out each month.

If that sounds useful, strange, entertaining, or mildly concerning, subscribe below.