Anjali

inner monologue // research analyst 🕵️‍♀️ - energy, infra, power, utilities, etc.

[Anjali @anjsindh]

peak summer intern season in NYC means I’m stuck waiting ~30 mins in line for Chipotle 😠

[Texas Policy Research @TXPolResearch]

💰The Texas Stock Exchange (TXSE) officially began trading today. Its launch didn't happen overnight.

A landmark legislative package passed in 2025 laid the legal, tax, & constitutional foundation that helped make today's milestone possible. Link in comment below. #txlege

[Anjali @anjsindh]

@dakeenekid haha it’s very corporate but not horrid

[Anjali @anjsindh]

NYC > BOS for the 250th, first time 😍

[Anjali @anjsindh]

everyone’s complaining about this East Coast heat wave but I’m having fond flashbacks of Chennai summers

[Davis Keene @dakeenekid]

Given the heat wave on the east coast, feels like a good time to bring up my favorite NYC Subway fun fact:

You can approximate the °F to °C conversion using the 6 train stops! Starting at 33rd st, every stop adds +5C.

33rd (~32 F) - 0C
42F ~ 5C
51F ~ 10C
59F ~ 15C
68F ~ 20C
77F ~ 25C
86F ~ 30C
96F ~ 35C

Not the most convenient approximation but still pretty neat

[Anjali @anjsindh]

so has anyone ever actually caught fireflies at night or is this an urban myth

[Anjali @anjsindh]

today’s walk home from work

perfect days end with flowers 💐

[Anjali @anjsindh]

hard agree & actually worked on building something like this out a few years ago, it was a platform that matched artists with grants. individual artists input some demographic/descriptive data and were matched with funding, but we ran into some issues around eligibility criteria, building trust between grantors & recipients, and general marketing/credibility. would love to work on smth like this again though

[Anjali @anjsindh]

have sifted through the structures of a ton of angel investments lately and -

Rip to all the SPVs that had to pull out of the @AnthropicAI's fall IPO after the announcement that prospective SPV buy-ins are void/unrecognizable on the cap table. First saw this as a secondary allocation of Series B preferred shares, but it shifted to a primary round allocation (unconfirmed) and I saw tons of people getting their wired funds back from @sydecario within the week...wondering if we are entering an era of stricter guidelines around multi-layer SPVs (some 4-5 layers deep), at least for high-quality private companies

Feels like direct ownership, full documentation, and issuer/board approval are actually quite difficult (impossible?) to track/trust if you're not at the top layer, even though generally if the deal prices higher you can 1) sign and reserve your spot with the current terms/price and 2) get fully refunded if you're not comfortable with the new terms

Most SPVs are raised under Rule 506(b), which allows you to self-verify your accreditation status (can't believe this, it's a just a questionnaire) and GPs aren't actually responsible for verification. Not to mention SPV fees are pretty high and the liquidity boost for the company is taken on as risk by investors having to sit through the lockup period (I've been told it can be 7-8 months depending on where you are), which is also when carry is accrued (!)

So this looks less like a new universal SPV standard and more like Anthropic specifically wanting a clean narrative ahead of pricing. Maybe limiting the greys lets it control competing valuation claims. Curious to see whether SPV structures/IPOs get stricter or if third-parties will get more creative on getting retail investors access to insane deals. Or maybe both.

[Anjali @anjsindh]

best parts of being home (no, I’m not in India)

Summer Solstice x Father’s Day x International Yoga Day

[Anjali @anjsindh]

@ewyuckugh heavyyyy on the nice sheets - life changing

[Anjali @anjsindh]

what third-party AI market intelligence platforms are research-heavy firms using these days? have seen demos/heard of @AlphaSenseInc, @hebbia, obv @TheTerminal

feels like BBG is catching up with DOCW & ASKB workflows, AlphaSense has the deepest external content library, Hebbia is best for complex covenants, legal filings, etc.

[Anjali @anjsindh]

@noah_schochet @kavfixnel which r u LOL

[Anjali @anjsindh]

appreciate the film, but interesting that the team cites ocean energy as on par with solar/nuclear in the tens-of-TW capacity potential when this is essentially unproven at commercial scale and no operating fleet exists (yet)...raise is impressive given lots of ocean tech companies have failed because they can't reach commercial scale. would be curious to see how they're avoiding corrosion/biofouling, funding maintenance/repairs, battling transmission loss, and keeping assets anchored so far from shore. also imagine there would be a lot of pushback on the environmental side regarding wildlife disruption, noise pollution, messing with electromagnetic fields, hiking ocean temps. if there are issues with offshore wind, can't imagine the pushback here. didn't @Microsoft do undersea pods and killed that project?

[Anjali @anjsindh]

acceleration day 😌

[Hayden @the_transit_guy]

Just watching with hundreds of people at some random projector I love New York

[Anjali @anjsindh]

all of wall street holding its breath today

[Anjali @anjsindh]

@dave_krugman would love to be added!

[Anjali @anjsindh]

if you don’t work in tech, this is nyc hell week