David Bradley-Ward

Going Dark

How AI Is Destroying the Corporation, Emptying the Public Markets, and Changing Who Gets to Own the Future

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The argument

“Britain has become a nursery: it grows things beautifully, and then sells them, at a discount, to people who value them properly.”

In a decade, a third of the London market disappeared. Not because Britain stopped building companies. It has ninety three worth a billion dollars or more. It is because the market can no longer price what it has, and so it cannot keep it. New York is not the counter-example. It is where London’s companies went, and what the end of the same process looks like.

Going Dark explains why this is happening now, why every attempt to fix it has failed, what it means for anyone trying to build a company, and how those who know what is happening can benefit.

AI is hollowing out the middle

It is dismantling the mid-sized company that used to fill the public markets, and making it pointless to be small and public.

Fewer people will own anything

When capital pools into ten firms, the gains go to very few shareholders. That is a political problem, not a market one.

It can be fixed

The fix is cheaper and less radical than anyone expects, and most of the tools already exist.

Inside

Part One

The Demolition

  1. Full Thrust, No Margin25 min
  2. The Sum of the Parts17 min
  3. Power by the Hour15 min
  4. The Resolution Advisory20 min
  5. Infant Mortality16 min

Part Two

The Empty Screen

  1. Going Dark17 min
  2. The Ratchet29 min
  3. Concorde17 min

Part Three

The Reconstruction

  1. Back to Birth23 min
  2. Who Owns the Fleet17 min
  3. Choosing to See26 min

The author

David Bradley-Ward

David began his working life as a powerplant engineer in the Royal Air Force. He has spent the years since in capital markets and marketplace technology. He founded an online peer-to-peer lending platform with its own secondary market, and in 2018 founded ASMX Pro, to create a solution for the capital markets changes detailed in this book and to give investors the opportunity to take advantage of this structural change.

Going Dark was written with an AI co-author. He signed for it.

Your copy

Going Dark is issued, not sold.

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