FROM TOKEN CAPITAL GROUP

Thesis notes, market commentary, and research.

Waterfall chart: an illustrative business valued at $16.7 million without AI and $25.0 million with a proper AI implementation, showing the contribution of growth, cash conversion, risk and long-term growth.

Thesis · October 2026

The AI Value Premium

Why a business that implements AI properly should be worth more, and why most of that value arrives years after the first ROI calculation.

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Thesis The Intersection, Explained July 2026 Research The Two-Act Democratization of Artificial Intelligence May 2026 Thesis Small Businesses Are Closing the AI Adoption Gap May 2026 Market The Independent Sponsor Inflection May 2026 Research The Structural Stratification of the 2026 AI Economy May 2026

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