Small Company Almanac · Est. MMXXVI

Field notes on small, high-leverage companies and the financial infrastructure they need but don't yet have.

Edited by Clayton Bryan.

$2.5M Avg. revenue per employee Top of the AI-native distribution
74% Already profitable on the Lean AI Leaderboard
$106B VC secondary volume trailing twelve months
Volumes
Vol. II / April 2026 / Essay · 12 min New

159 People Ran an Empire

On how small cores produced outsized output long before software, and what changes when the apparatus is.

Read Vol. II
Vol. I / March 2026 / Essay · 12 min

The Future Company Is Smaller

What a founder who burned $94 million learned about how companies should actually work.

Read Vol. I
Prologue / March 2026 / Essay · 10 min

These Are a Few of My Favorite Things

A field guide to what's actually happening in AI-native venture.

Read the Prologue
Field Notes · Recent
About

Clayton Bryan

Previously: 500 Global · 50,000+ startups evaluated · 30+ accelerator batches

Currently: Studying the structural economics of AI-native companies.

Based in Oakland and San Francisco. New volumes ship when ready, not on a schedule.

Field notes, when they're ready.

No cadence promises. No filler. Volumes ship when the argument is finished and the data is checked.