I look at whether the project is actually getting work done. Instead, they’re watching the treasury spending first: whether the money going out lines up with the milestones—or whether it’s just stuck in “the next version” and “the next collaboration” forever. To be blunt, I’m not afraid of spending money; I’m afraid of spending without pacing, without explanations. The budget gets spent as casually as if it had passwordless payments… Ideally, I can see every expense tied to a deliverable—whether it’s something unglamorous but verifiable, like documents, audits, or data dashboards.

During that recent stretch of extreme funding rates, the group argued whether to reverse it or keep squeezing the bubble. I’m even less inclined to guess now—especially the busier it gets, the more I want to go back and check whether the promises they made last quarter actually landed or not. For me, “long-term” isn’t anything like one or three years. It’s about a quarter: within three months, can they deliver what needs to be delivered and keep what needs to be transparent transparent? If they can’t, don’t blame me for tightening permissions and tightening positions too. I’d rather make a little less—at least then I won’t have to come out one day and publish an apology statement.