Media
Recordings of past member sessions and the weekly CapitalStack AI Lab, investor notes, and live events — streamed with transcripts and unlocked for members.
Weekly CapitalStack AI Lab walkthroughs and every recorded session, streamed for members with transcripts.
The Co-GP: JV Structure Playbook Every joint venture is a trade: an operator gives up economics in exchange for capital it does not have and speed it cannot manufacture. In this Co-GP and JV Structure Playbook, Paul Stanton lays out the full spectrum of that trade.…
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Log inThe LP Rejection Debrief: Why LPs Are Saying No, and What's Turning When an LP passes, the reason is usually the same, and it is rarely the deal. In this LP Rejection Debrief, a new open-forum format, Paul Stanton diagnoses the rejection most operators have heard for the past 18 months: no liquidity.…
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Log inCapital Markets AMA · June: Retail's Comeback, Mega-Fund Consolidation, and Equity Reopening Retail has been dead for a decade, right up until someone paid $530 million for a shopping center. In the June Capital Markets AMA, Paul Stanton, the Thesis Driven partner who runs capital markets and co-founds the boutique…
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Log inPlacement Agent AMA Paul Stanton is a placement agent, which is exactly why this Placement Agent AMA is so blunt about the trade. What a GP actually buys from a good agent is not distribution, it is trust: an investor opens the email because a deal from a known agent signals that the agent only took the client on…
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Log inWriting for Capital: AI for Your Investor Content Engine Most operators go invisible to their LPs the moment the check clears, and the reason is boring: writing takes time. The average operator spends roughly 14 hours a quarter on investor content, and at a small shop that burden lands squarely on the managing partner.…
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Log inBuilding an LP Pipeline Without a Brand Cold email is broken, and the culprit is everyone's favorite tool. Automation has flooded inboxes to the point where even a thoughtful message struggles to get read, which is the problem this Building an LP Pipeline Without a Brand session sets out to solve.…
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Log inThe GP Deck Teardown Most investor decks bury the one thing that would actually get a check written. That is the throughline of the inaugural GP Deck Teardown, a new Capital Stack franchise in which Paul Stanton walks through real GP decks live and says what he would change.…
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Log inCapital Markets AMA · Late April: Platform M&A Takes Over, from Record Self-Storage to Retail Data Centers This is the AMA where the deals stopped being about buildings. Paul Stanton runs through a month of platform M&A, led by Public Storage's $10.…
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Log inCapital Markets AMA · April: Consolidation, a Bifurcated Recovery, and the Rise of GP Stakes The capital markets are thawing and consolidating at the same time. In the April Capital Markets AMA, Paul Stanton opens on Sun Life making three moves in a single day: paying north of a billion dollars for BGO's real estate…
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Log inPlaybooks for RIA Partnerships: Raising Capital from the Private Wealth Channel Private wealth is now the larger pool. At roughly $204 trillion against $169 trillion for institutions, and growing faster, it is where the next decade of real estate capital gets raised, and yet high-net-worth investors hold under 2…
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Log inIntroduction to OpenClaw: How Thesis Driven Hired an AI Agent Named Sarah The gap between a chatbot and an agent is the gap between an assistant who answers questions and an employee who does the work. That is the frame Paul Stanton uses to open this Capital Stack AI Lab session on OpenClaw, the open-source framework…
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Log inCapital Markets AMA · February: Platform Investing and Real Estate as an Operating Business The take-private trade kept rolling in February, with Veris Residential going private in a $3. 4 billion all-cash deal backed by $2.…
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Log inStructuring Programmatic Joint Venture Term Sheets A fund manager who raises $500 million on a 2-and-20 structure has a problem most operators would envy: that 2 percent asset management fee, roughly $10 million a year, stays locked until the capital is actually deployed. That pressure is the engine behind the…
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Log inCapital Markets AMA · January: The Retail Capital Shift and "Real Estate Venture Investing" The headline numbers point one way; the real story points another. In the January Capital Markets AMA, Paul Stanton opens on a run of large raises: Bain pulling in $5 billion across new funds, with $3.…
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Log in2026 Capital-Raising Events: How to Work the Conference Circuit The real estate conference circuit is mostly a trap. Show up to the average event and 99 percent of the room is pitching deals, with a line of eight sponsors standing politely behind the one actual investor, waiting their turn.…
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