There Will Be Blood

When intelligence becomes abundant, the scarce input is taste. Our mid-year letter is on what a moat is really made of, and whether AI strengthens it or drains it.

Request the 2026 Q2 letter →

Top Mark Capital’s partner letters are shared privately with accredited investors who are also qualified clients. Request a copy and we’ll be in touch.

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Important information. This page is an invitation to request Top Mark Capital’s partner letter; it is not an offer or sale of any security and is not personalized investment advice. Top Mark Capital Partners (TMCP) and Top Mark Health Partners (TMHP) are private funds offered only to investors who are accredited and who are also qualified clients, a higher standard that applies because the partnerships charge a performance fee. Any offering is made solely through definitive offering documents and only after the firm takes reasonable steps to verify accredited status; no subscription will be accepted prior to completion of that verification. Registration with the SEC does not imply a certain level of skill or training. See topmarkcapital.com/terms.

Top Mark Capital Management, 416 13th St., 2nd Floor, San Diego, CA 92101 · (646) 470-3016