https://www.uhlig.capital/thoughts I write down what I learn from mandates, investments and my own mistakes. en https://www.uhlig.capital/thoughts/et-napster-ki-schwemme https://www.uhlig.capital/thoughts/et-napster-ki-schwemme Tue, 10 Nov 2026 00:00:00 GMT Built fast, far too much of it, trust gone: that is how video games crashed in 1983 and music after 2000. SaaS is playing the same game right now.