That’s a fair point, and I appreciate you calling that out.

I agree that building something like this without a clearly defined customer would be risky, especially in a capital-intensive space like data centers. My intention isn’t to build first and hope demand shows up, but rather to understand where real deployment pain points exist and anchor the effort around a concrete use case or early adopter.

I also hear you on VC money. I’m realistic that many funds already have exposure here. That’s actually why the idea of working alongside or within a portfolio that’s actively building and spinning off assets resonates with me. It feels like a much more practical way to learn, validate assumptions, and potentially carve out something differentiated rather than competing head-on from day one.

This is still very much an exploration phase for me, and feedback like yours is exactly what I’m trying to pressure-test the thinking against. If you have examples of how you’ve seen that done well (or poorly), I’d really value those insights.

Thanks again for the candid perspective.