Peter Wagner brings a physicist's analytical approach to venture capital, having built a proprietary dataset called V21 tracking 5,600 financings to quantify how seed rounds have taken over Series A's historical role, and he frames industry dynamics through his aircraft carriers and Death Stars metaphor where large multi-stage firms become aircraft carriers pulled later-stage by capital gravity. He focuses specifically on AI-first enterprise companies that add adaptation layers and workflow on top of foundation models rather than chasing capital-intensive OpenAI clones, using Wing's deliberately curated customer network as a market validation machine to pressure-test product-market fit for pre-revenue B2B companies. Peter Wagner brings a physicist's analytical approach to venture capital, having built a proprietary dataset called V21 tracking 5,600 financings to quantify how seed rounds have taken over Series A's historical role, and he frames industry dynamics through his aircraft carriers and Death Stars metaphor where large multi-stage firms become aircraft carriers pulled later-stage by capital gravity. He focuses specifically on AI-first enterprise companies that add adaptation layers and workflow on top of foundation models rather than chasing capital-intensive OpenAI clones, using Wing's deliberately curated customer network as a market validation machine to pressure-test product-market fit for pre-revenue B2B companies.