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Conversion’s Substack

Conversion Capital

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Latest Issues

Diplomacy in the Age of Artificial Intelligence

Diplomatic power has always rested on a small number of enduring pillars. Across centuries, states have projected influence not through ideals alone, but through concrete instruments: protection, access, and control. Empires rose and fell o...

4 months ago
2
1

The Arsenal of Democracy: Made in the USA

The United States stands at the threshold of a new industrial era—one defined not by a lack of capital or innovation, but by an inability to mobilize existing assets (both physical and human). As global supply chains fragment, geopolitical...

a year ago

Rewriting the Clinical Trial Stack

The Operating System of Clinical Trials Is Being Rewritten

In clinical development, time isn’t just money—it’s competitive advantage. The ability to bring a drug to market even marginally faster can unlock hundreds of millions in enterpris...

a year ago

The Future of Finance Is Autonomous

Every few decades, a wedge of technology forces its way into the calcified layers of the global financial system.

In the 1970s, it was mainframes—rigid but durable, encoding banking logic that still haunts systems today. In the 1990s, rela...

a year ago

Navigating a World in Motion

Seizing the Moment: Turning Global Instability into Strategic Advantage

The world is not in crisis; it is in motion. That’s a critical distinction—and one that matters now more than ever.

From post-war Eastern Europe to escalating tension...

a year ago

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  • Conversion Capital

    Early-stage venture fund investing in emerging technologies at the center of the global economy

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