The First Twelve Months: A Capital-Triage Framework for Founders After a Sale
A framework for sequencing year one in four phases: rest, learn, plan, and begin deployment.
Notes from Alphyn Capital
Insights.
Short notes from the practice. Each piece picks one concept central to the year after a sale and works through it the way it would come up in a client conversation: a single idea, traced to its consequences, with the trade-offs left intact.
Published every two weeks.
Concentrated Stock Positions: The Portfolio Question Behind the Tax Question
The portfolio question that lives behind the tax conversation when a founder holds a concentrated position, and why solving it first changes the tax conversation entirely.
Active vs. Passive: The Honest Answer for Significant Wealth
Why the active-versus-passive question is asked differently at meaningful wealth, and what the honest answer looks like when both can coexist inside one portfolio.
How to Evaluate an Active Manager
The questions to ask of an active manager beyond past performance, structured the way an operator underwrites a business.
The Quiet Power of Fixed Income After an Exit
Why fixed income often does more work than expected in a post-exit portfolio, and how to think about its role beyond rate forecasts.
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The same notes also reach subscribers as a short welcome series built around the workbook framework. Start with The First Twelve Months and you'll receive each new insight when it publishes.
These notes are educational and reflect the principal's views as of the date of publication. They are not investment advice and do not constitute a recommendation to buy, sell, or hold any security. Alphyn Capital Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training.