Field note · July 8, 2026 · Adilet
Field note: agents in production make cost an engineering problem
Running AI agents inside client systems taught us to treat tokens like any other metered resource.
Ideas
Ideas from inside the work.
Investment theses, company notes, and operating lessons from Jetisu.
Writing
Backing · July 8, 2026 · Adilet
Backing Hackroda: the bottleneck moved to verification
AI made writing code cheap. It did not make trusting code cheap. That gap is the company.
Thesis · July 8, 2026 · Adilet
Services are the new software. We got there by accident.
Sequoia says the AI opportunity is labor spend, not tool spend. Our whole firm is that essay, lived backwards.