Markets · Capital · Companies
Independent intelligence for venture decisions.
Solten Ventures is an independent research and analysis firm focused on capital, companies, and the decisions between them.
The Firm
Built for decisions that sit between incomplete information and committed capital.
We work where market context, investment judgment, company evidence, and operating reality meet. The firm develops research, analytical systems, and independent review practices that help investors and company leaders structure difficult decisions without replacing their judgment.
Services
Connected capabilities across the investment and company lifecycle.
01
Investment Screening & Decision Support
An independent view before the investment decision. Focused analysis for venture funds, family offices, angel investors, and lean investment teams.
02
Investment Decision Infrastructure
Custom internal investment systems for venture funds, family offices, and lean investment teams — built inside their own environment around their own process.
03
Research & Market Intelligence
Independent research on markets, technologies, companies, capital formation, and structural change — designed to support real investment and strategic decisions.
From investment process to working system
We map how your team makes investment decisions — thesis, criteria, evidence standards, workflows, templates, decision history, tools, and review practices.
We then structure those elements into a working environment that AI can reliably use and automate the parts of the process where automation improves speed and consistency without replacing investment judgment.
Working Principle
Analysis should strengthen judgment, not substitute for it.
We structure evidence, systems, assumptions, and decision processes. Investors and company leaders retain judgment, conviction, and final authority.
Research
Public research as an evidence base for the firm's analytical work.
AI Economy
Infrastructure, software economics, physical AI, capital formation, and market structure.
Capital & Deals
Financing, valuation, strategic capital, and transactions that reveal how markets are changing.
Investment Process
Screening, evidence discipline, decision infrastructure, institutional memory, and AI-enabled workflows.
Featured Research
The latest flagship work
Research designed to be saved, cited, revisited, and used in real decisions.
AI Infrastructure · Energy · Data Centers · Capital Allocation
The AI Build-Out Is Becoming an Infrastructure Allocation System
Why power, grid access, resilience, and political permission are becoming part of AI economics.
Core Thesis
The AI infrastructure race is moving beyond accelerator procurement. The increasingly scarce asset is permissioned, financeable, and resilient access to power, grid capacity, land, cooling, connectivity, and political consent.
How We Work
Start with the actual decision process, not with a generic framework or platform.
Understand
Mandate, context, process, evidence, constraints, tools, and existing judgment.
Structure
Make criteria, assumptions, workflows, and decision points explicit.
Implement
Build the approved analytical process inside the client's own environment.
Improve
Use outcomes, feedback, and decision history to refine the system over time.
Notes
Latest Deal Analysis
Selected financings and strategic transactions across the AI economy – analyzed for what they reveal about valuation, market structure, capital formation and competitive positioning.
AI Infrastructure · Capital & Deals · Semiconductors
Etched — $700M at $21B
What Etched’s $21 billion valuation reveals about the race to specialize AI inference.
Core Thesis
Etched’s $700 million financing tests whether a transformer-only ASIC can translate architectural specialization into a durable economic advantage before incumbent GPU platforms close the gap.
About
One firm. Research and systems for investment decisions.
Solten Ventures combines independent market research with the design and implementation of internal investment decision systems. The common layer is disciplined analytical judgment: understanding what is changing, what the evidence supports, what remains uncertain, and how those findings should enter an investment process.
Need an independent perspective?
Solten Ventures is an independent research and analysis firm focused on capital, companies, and the decisions between them.
Solten
Ventures
Independent research and analysis focused on capital, companies, and the decisions between them.
Firm
Services
Knowledge
Information
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