In this episode of Around the Desk, Sean Emory, Founder & CIO of Avory & Co., sits down with Travis Brooks — operator, researcher, and the voice behind Let’s Talk Joby to break down the business model behind Joby Aviation and the broader eVTOL landscape.

This is more than just flying cars it's an entire tech and infrastructure stack.

From aircraft manufacturing to consumer apps, software platforms, and vertiport networks — where will the real value accrue?

We cover:

• Why manufacturing might get commoditized
• The risk/reward of owning the consumer relationship
• Platform potential if Joby owns the software layer
• Vertiports as the underrated competitive advantage
• How Blade and Archer are approaching the market
• What history tells us about margins and defensibility

Whether you're long, short, or just curious about air mobility, this one dives deep.

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Hosted by:
Sean Emory — Founder & Chief Investment Officer, Avory & Co.
https://www.avory.xyz

Guest:
Travis Brooks — Operator & creator of Let’s Talk Joby

Follow Avory & Co or Sean Emory
📩 Questions? Contact us at: [email protected]
🌐 Website: www.avory.xyz
🎙️ Podcast: Operator Mode & Around the Desk

YouTube: @AvoryCo

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Disclaimer
This presentation is for informational purposes only and does not constitute an offer, recommendation, or solicitation to buy or sell any security. Past performance is not indicative of future results. All opinions expressed are as of the date of recording and are subject to change without notice. Any securities discussed may or may not remain in the portfolio. Please consult with a licensed financial advisor for personalized investment advice.

© 2025 Avory & Co. All rights reserved.
Unauthorized use, reproduction, or distribution of this content is strictly prohibited.

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#JobyAviation, #eVTOL, #FutureOfTransportation, #UrbanAirMobility, #AirTaxis, #TechStack, #MobilityPlatforms, #FlyingCars, #AviationTech, #AvoryPodcast

In this episode of Around the Desk, Sean Emory sits down with three investors who have been closely following IREN — the Bitcoin miner now pivoting toward high-performance computing (HPC).

We dig into the key questions:
• Can a miner really become an AI infrastructure player?
• What’s happening on the ground with grid capacity, permitting, and capex?
• Are they executing or just announcing?

Guests Kama, Frans, and Dulce join anonymously (X-style) to break down their views — from land records and site visits to financial modeling and risk.

This is a technical, high-conviction conversation for anyone trying to understand the shift from Bitcoin mining to AI compute infrastructure.

0:00 Intro
1:50 Backstory
4:15 Kama view on the pivot to HPC
8:15 HPC execution?
9:20 Dulce adds in to HPC pivot thoughts...
16:40 Frans adds in.
52:20 Valuation views?
62:45 Risks

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Hosted by: Sean Emory, Co-Founder & CIO of Avory
Podcast: Around the Desk by Avory

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⚠️ Disclaimer: This podcast is for informational purposes only and does not constitute investment advice. All views expressed are those of the individual participants and do not represent the opinions of Avory or its affiliates. Always do your own research before making investment decisions.

$IREN $CORE $NVDA

In this episode of Inside Scoop Podcast, founder and Chief Investment Officer Sean Emory from Avory & Co. talks to Yuma Heymans, founder and CEO of O-mega AI, a pioneer in the field of autonomous business operations. They delve into O-mega AI's vision of fully automating company tasks such as software engineering, marketing, sales, and operations with minimal human intervention. Heymans explains the benefits, challenges, and future implications of implementing AI agents in business workflows. They also discuss the evolving role of humans in an AI-driven world, investment opportunities in the AI landscape, and how companies can prepare for a future where AI-human hybrid workforces become the norm. The conversation highlights the potential transformation AI could bring to various aspects of enterprise operations, making automation more accessible and efficient.00:00 Introduction to the Inside Scoop Podcast01:09 Meet Yuma Heymans: Founder and CEO of Omega AI01:48 The Vision of an Autonomous Business04:20 Challenges and Realities of AI Implementation06:48 The Role of Humans in an AI-Driven World10:16 Personal Challenges in Building an AI Business12:06 Departmental Automation: Software Engineering, Marketing, and Sales26:28 The Future of AI in Business and Investment39:01 Rapid Fire Questions and Bold Predictions44:32 Conclusion and Where to Find More InformationLearn more about Avory https://www.avory.xyz/_______Disclaimer Avory & Co. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Avory & Co. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Avory & Co. unless a client service agreement is in place.Listeners and viewers are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.“Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback, please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information and comments. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.Please reach out to Houston Hess our head of Compliance and Operations for any further details. Find more here https://www.avory.xyz/disclaimer-page

In this conversation, Freshta Farzam, founder and CEO of LYTE Aviation, discusses the future of EVTOLs (Electric Vehicle Takeoff and Landing) and the aviation industry. She highlights the need for innovation in air transportation, particularly through the use of hydrogen propulsion and the potential for autonomous flight. The discussion covers market opportunities, safety considerations, regulatory challenges, and the competitive landscape in the EVTOL space.

Chapters

00:00 Introduction to LYTE Aviation and EVTOLs

03:02 The Current State of the Aviation Industry

05:49 Hydrogen Propulsion: A Game Changer

09:13 Market Opportunities and Business Cases

12:02 Safety and Regulatory Considerations

14:57 The Future of Autonomous Flight

18:12 Funding and Competition in the EVTOL Space

21:01 Regulatory Landscape and Future Outlook

Learn more about Avory https://www.avory.xyz/

_______

Disclaimer

Avory & Co. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Avory & Co. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Avory & Co. unless a client service agreement is in place.

Listeners and viewers are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

“Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback, please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information and comments.

Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.

Please reach out to Houston Hess our head of Compliance and Operations for any further details.

Find more here https://www.avory.xyz/disclaimer-page

Summary

In this conversation, Founding Partner and Chief Investment Officer at Avory & Co. Sean Emory interviews Christopher Shasse, founder of Rocketman Tech, discussing the role of Jamf in managing Apple devices in enterprise environments. They explore Jamf's history, its relationship with Apple, and the competitive landscape, particularly focusing on Microsoft Intune as a significant competitor. The discussion also touches on Jamf's security solutions and the future direction of the company following the JNUC conference.

ABOUT AVORY & CO.

Chapters

00:00 Square's Focus on Product and Profitable Growth

01:14 Exceeding Guidance and Share Buyback

03:11 Strong Performance in the Cash App Ecosystem

06:33 Expanding Partnerships and Streamlining the App

ABOUT AVORY & CO.

Avory is an investor is Fiverr at the time of this and this is not a recommendation.

00:00 Earnings and Future Outlook

01:23 Acquisition of AutoDS

03:46 Record EBITDA Margin and Revenue Growth

05:39 Attracting Higher-Value Buyers and Increasing Spend per Buyer

06:35 Take Rate and Revenue from Value-Added Services

09:29 Balance Sheet and Future Growth

ABOUT AVORY & CO.

Avory & Co is an asset manager focused on Investing Where the World is Headed. Managing high-conviction equity strategies, emphasizing Secular Growth and Transformation Stories. We seek exceptional teams.

Chapters

00:00 Introduction

01:24 Meta's Financial Performance

02:22 Success of VR and AR Experiences

05:36 Embedding AI Across Platforms

08:00 CapEx and AI Development

13:45 Conclusion