Abundance Scalers 90/10
andrarchy@andrarchy
−2.7%
since Oct 3
The idea
I believe software and AI are finally reaching the industries that missed the last tech revolution, places where a human hour was the hard limit and costs kept climbing: healthcare, education, construction, banking, transport. So this basket owns mission-driven, mostly founder-led companies cutting those costs through vertical integration and fast iteration, split across cheaper atoms, health without the cost disease, and services repriced by software.
What it owns
- Building, making, and moving physical things stayed expensive because software never reached them; these companies are bringing manufacturing efficiency, robotics, and data-driven operations to sectors where productivity was flat. · TeslaIt pioneered vertical integration and first-principles cost cutting in manufacturing, and now tests whether that playbook can make robotaxi transport and humanoid labor as cheap as it made electric vehicles., Axon EnterpriseIt uses cameras, software, and AI to make public safety cheaper and more accountable per officer hour, replacing paper reports and manual data entry with automated intelligence., Rocket LabIt is the investable version of the launch cost collapse, making access to orbit abundant and enabling cheaper communications, sensing, and eventually manufacturing in space., SamsaraIt puts sensors and AI on trucks, sites, and equipment so the physical economy generates the data that lets software cut fuel consumption, accidents, and equipment downtime., SymboticIt sells robot labor for warehouses, directly swapping out the human hour of moving goods and proving that automation can cost less than the people it replaces., Procore TechnologiesIt is digitizing construction, a sector where productivity was flat for decades and prices outran inflation, proving that software can compress waste in building and make housing cheaper.33%
- Healthcare's costs outpaced inflation for decades because it ran on scarce human expertise; these companies use AI, robotics, and direct delivery to collapse the price of diagnosis, procedures, and treatment. · Intuitive SurgicalIts surgical robots replace scarce surgeon time with repeatable machine precision, and the installed base keeps learning, proving that robots can push down the cost of a human hour in medicine., Tempus AIIt applies AI to clinical and genomic data to make diagnosis cheaper and faster, attacking healthcare's cost disease by automating the expertise that once required specialist hours., Hims & Hers HealthIt strips out the clinic visit, insurance intermediary, and pharmacy counter to sell care and medication directly, replacing human-hour steps with software at prices people can pay out of pocket., Oscar HealthIt uses software to run insurance paperwork and operations at a fraction of the headcount incumbents need, showing that information processing can replace human hours even in legacy industries., NateraIt rides the collapse in DNA sequencing costs, turning exotic genetic testing into routine screening and showing how software-style cost curves reach into healthcare.25%
- Education, banking, commerce, and government work stayed expensive because they required human hours; these founders are replacing that labor with software and AI to deliver the same services at fractional cost. · DuolingoIt delivers personalized education at close to zero marginal cost, showing how AI can reprice one of the stagnant sectors by replacing expensive tutors with adaptive software., Nu HoldingsIt operates a bank built on software infrastructure rather than physical branches, enabling unit economics that allow profitable service to populations excluded by incumbent institutions., ShopifyIt gives any individual the retail infrastructure that once required a corporation, making commerce dramatically cheaper and more widely available through software rather than capital., Palantir TechnologiesIt is software repricing government and large-enterprise operations, sectors where the human hour was unavoidable for decades, and commercial customer growth must justify its premium valuation., ToastIt gives restaurants, one of the lowest-margin labor-heavy businesses, a software layer that squeezes waste out of ordering, payroll, and supplies.25%
- These positions own scarce power, fuel, land, and water that gain value if physical constraints persist longer than the abundance transition expects. · Constellation EnergyIt owns the largest US nuclear fleet, gaining value if energy stays the master constraint while AI demand surges and scarce clean baseload power becomes more valuable., CamecoIt owns scarce uranium supply, the fuel behind nuclear power, and gains value if reactors multiply while the abundance transition stalls and the supply deficit persists., Texas Pacific LandIt owns Permian land, water rights, and royalties that cannot be manufactured, serving as a hedge if physical constraints persist longer than the abundance transition expects.10%
- Cash7%