Intellectus Partners

Advisory for Entrepreneurs ; Innovation in Wealth & Investment

[Intellectus Partners @Intellect_us]

Intellectus:You cant separate an entrepreneur from his business or his biz from his wealth.That is where it begins...https://t.co/dl3FvOnjvI

[Intellectus Partners @Intellect_us]

Wealth management is entering a new technology cycle. The first phase of generative AI adoption has been dominated by simple interfaces: chatbots connected to documents, copilots embedded into existing software, and direct use of foundation models such as Claude, ChatGPT, Gemini, and other large language models. These tools are useful, but they are not durable intelligence systems. They answer questions, summarize content, draft language, and automate fragments of work. They do not, by themselves, become the institutional platform of an advisory firm.

[Intellectus Partners @Intellect_us]

@SawyerMerritt @farzyness THAT is Elon brilliance and $Xai right there!

[Intellectus Partners @Intellect_us]

@multiplanet1 Not “every founder” at all…..

[Intellectus Partners @Intellect_us]

@zerohedge If true, bye bye $GLD

[Intellectus Partners @Intellect_us]

@DeItaone Doubt it!

[Intellectus Partners @Intellect_us]

@whateverbs99 Not even close

[Intellectus Partners @Intellect_us]

We are hiring(several roles):

We’re looking for a Head of Client Experience & Platform Engagement to own and elevate every aspect of how clients interact with our firm—from white-glove personal service & advice to next-generation AI tools.

https://t.co/6cav3VzfX1

[Intellectus Partners @Intellect_us]

@farzyness Good stuff

[Intellectus Partners @Intellect_us]

Exciting developments continue at @The_TrueAnomaly https://t.co/MV3qTVjpG2

[Defiant L’s @DefiantLs]

San Francisco Mayor Daniel Lurie: “We are no longer going to tolerate people using drugs on our streets. I’m not going to tolerate it as a father and I’m not going to tolerate it as the mayor.”

[Intellectus Partners @Intellect_us]

@Houseofyogi @WisemanCap Terrible

[Intellectus Partners @Intellect_us]

@jimiuorio 😂🤯

[Intellectus Partners @Intellect_us]

@garrytan Absolutely true

[Chamath Palihapitiya @chamath]

On page twenty-six of “The Billionaire Tax” proposal in California, it explains how the state legislature can convert from a Billionaire Tax to an Everyone Tax without voter approval.

They can also adjust the tax to be a yearly tax, not just one time…again, without your approval.

Intelligence test for you: if this was meant to just target Billionaires, why did they write this in?

[Intellectus Partners @Intellect_us]

@Chuckles152 Love this. He just won over Philly!

[Intellectus Partners @Intellect_us]

Sharing our new work and our view of $NOW post print: 7-DIMENSION SCORECARD
1. Market Ownership & Share Trajectory: GAINING — Q1 subscription revenue $3.671B (+19% CC, beat high-end guidance); RPO $27.7B (+23.5% CC), CRPO $12.64B (+21% CC, +100bps beat);

2. Growth Rate vs Comps: FASTER — Subscription (recent quarters); AI metrics accelerating (Now Assist $1.5B run-rate for FY26, +50% vs prior $1B target; Moveworks 5x YoY post-integration);

3. Cash Generation Quality: COMPOUNDING — FCF margin 44% (Q1); FY25 FCF $4.6B (+34% YoY, 35% margin beat); $2B ASR executed (20.2M shares, double FY25 total); $4.2B buyback remaining; OpMargin 32% (+50bps beat); FY26 FCF guide 35%.

4. Moat Durability: WIDENING — AI-native platform (context engine from 95B workflows/7T transactions); acquisitions (Armis/Vesa/Moveworks) integrated rapidly (Moveworks: 6 deals >$1M in Q1 vs full prior year); hybrid pricing (50% NNACV non-seat); 97% renewal;
5. Management Quality: COMPOUNDER-CLASS — Beat Q1 (sub rev +19% CC beat, CRPO +21% beat, margins +50bps); raised FY26 sub rev guide +$205M midpoint to 20.5-21% despite geo headwinds; $2B ASR + buyback expansion; AI ACV trajectory $1.5B (vs $1B prior); transparent on M&A integration (Armis adds 125bps growth).

6. Product Cycle: MID-CYCLE — AI Control Tower + agentic workflows (Now Assist, EmployeeWorks, RaptorDB Pro). Current quarter of cycle: Q4 of ~8-10 total (post-Q1 GA of autonomous workforce/EmployeeWorks). Next cycle: Workflow Data Fabric + security stack expansion (Armis/Vesa live).

7. Investment Cycle: MID-INVEST — Nature: OFFENSIVE. Payback horizon: 1–2Y. Payback confidence: HIGH; margins normalize 2027; Moveworks integrated in 3 weeks, 5x growth).

3. MIGRATION WATCH
MIGRATION CALL: STRENGTHENING (Franchise moat widening via AI-native pivot, M&A acceleration, Rule of 55+ outperformance).
SIGNALS DRIVING IT: (1) Now Assist ACV $1.5B run-rate (+50% vs prior FY26 $1B target); (2) Moveworks 5x YoY, 6 deals >$1M in first partial Q; (3) Armis early close adds 125bps FY26 growth; (4) 16 deals >$5M NNACV, 17/20 top deals multi-product; (5) Raised FY26 sub rev +$205M despite 75bps Middle East on-prem delay.

4. VERDICT -BULLISH

[Intellectus Partners @Intellect_us]

@TheNayaV @GordonJohnson19 😂😂😂

[Intellectus Partners @Intellect_us]

@ewarren You only want this wealth tax because you cannot wring any more from income tax rates because taxpayer have caught on to that game. This will fare no better

[Intellectus Partners @Intellect_us]

@arenella1 And ☝️is a great example of the utter cluelessness of European leadership and those that think they have a clue

[Intellectus Partners @Intellect_us]

@danprimack Ha. More like slow as a tortoise for more than a decade, then all of a sudden!