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Notes on building forever.
Essays on permanent capital, AI-native SaaS economics, and what we're learning operating our brands.
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May 23, 2026·Operator notes·6 min read
Integration anti-patterns: what we deliberately do not consolidate across a SaaS holdco.
Brand consolidation, product surface merging, sales pooling, support pooling, and unified billing — the five integration anti-patterns Cobalt Glacier refuses, and the willingness test that keeps the platform-brand line honest.
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May 18, 2026·Operator notes·6 min read
Building a shared services platform for a SaaS holding company.
The seven functions on the Cobalt Glacier platform, the four we deliberately keep off it, and the single test — would the brand willingly buy it from us at market price — that decides whether a service belongs at the holdco.
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