Vermilion Cliffs Ventures | Ashley Smith
Ashley Smith, Meghan MurphyBacking technical founders at the earliest stage with focus on GTM strategy from day 0.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 21 | Subscribers | Read | vermilioncliffs.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Vermilion Cliffs Notes: November 2025
The time in SF last month reminded us why we love this ecosystem. Every conversation pointed toward what’s next. Infrastructure is maturing, developer experience is improving, and the surface area for new companies keeps widening. Catch a f...
New Stack, Same Game: Why the AI-native Era Feels Different Yet Familiar
Just a few months ago, many expected OpenAI Dev Day to trigger consolidation or a wave of shutdowns. Instead, I think something more interesting happened:
Keycard: Identity and Access for the Agentic Era
Software isn’t static anymore. It’s dynamic, generative, and increasingly autonomous. AI agents can now make decisions, execute actions, and operate across systems on behalf of people and organizations. That evolution introduces enormous po...
Why We Backed Osmosis: Reinforcement Learning for the Real World
When we first met Kasey Zhang and Andy Lyu, they weren’t pitching hype. They were deep in the weeds of reinforcement learning infrastructure, diagramming how models could actually learn from experience once deployed in the wild.
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