Yvette Teo

Ideas tested against the work.

Hi, I’m Yvette. I run finance and operations in crypto venture. I use this site to document practical experiments with AI agents, the systems behind operating work, and what markets look like from inside them.

This site is my proof of thought: notes on systems, markets and what I’m learning along the way.

Active systems

Small, practical workflows tested against real operating work, not polished case studies or claims of full autonomy.

In useReceipt-to-expense workflowA human-reviewed workflow for extracting, checking and logging expenses, with explicit stops for ambiguous receipts.↗

Field notes & writing

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  • Weekly Operator Brief

    The biggest contract in the AI buildout is signed, not funded

    Two customers hold most of Nscale’s order book with no committed funding behind it, the evaluators checking the models are paid by the labs they check, and the Fed raised rates for the first time in 1,148 days.

  • Weekly Operator Brief

    The discount has a source

    Anthropic counted 151 million exchanges from Alibaba into Qwen, DeepSeek cut its cheapest model’s price and moved its own customers onto it, and Meta…

  • Weekly Operator Brief

    Whoever owns the rail sets the rules

    Banks started building their own digital-dollar settlement rails, the frontier shipped gated, and buildout money moved to credit and distribution.

  • Weekly Operator Brief

    Open weights are now a security decision, and the hub has a new owner

    The stealth model was a Chinese lab’s open release, Nvidia bought the open-weights hub, and a harder dollar knocked bitcoin back under $80,000.

  • Personal

    A love letter to golf, six weeks in

    Six weeks into golf, three lessons I thought I already knew: progress is sideways, rest is practice, and nothing stays fixed.

  • Weekly Operator Brief

    The week the calendar filled up

    Trump pressed Congress on crypto regulation and Treasury leaned on the long end, three days apart. Plus the stealth model everyone is trying to…

  • Weekly Operator Brief

    Picking the right model for the job

    Models are becoming a commodity; the job decides which one you use. Plus: another week, another wallet trust break.

About

I’m the head of finance and operations at P2 Ventures. My path has taken me from public accounting to banking and fintech at Grab, then into crypto at Dragonfly. More about me →

This site is where I write about markets, operating systems, practical AI agent experiments and the ideas I’m still figuring out.