Bill Lewis Linacre Capital

Writing & Publications

The writing of Bill Lewis

Board-level writing for Chairs, CEOs and Founders — on the decisions that cannot be delegated, on the technology now running inside the business, and on what it takes to build, finance and rescue a company.

An index of published writing by Bill Lewis, Founding Partner of Linacre Capital Partners. The subjects vary. The vantage point does not: each piece is written from the board’s side of the table, for people who have to decide on incomplete information and then carry the consequences.

Much of the recent work concerns AI, because that is where the gap between what a board is accountable for and what it can actually see is widest, and moving fastest. It is not the whole of the subject, and it is not a permanent one. The books below span three decades of building, financing and turning around businesses.

On the board agenda — judgement and decision

AI May Prepare the Boardroom. It Must Not Become It.

Board Governance and Judgement · July 2026

Decision agents are being proposed as another team member in the boardroom. A team member owes duties, can dissent, and can be held to account; an instrument can do none of those things. The boundary that matters is between decision support and judgement substitution, and boards should set it before adoption rather than after.

The Wrong AI Apocalypse

Judgement and Organisational Capability · July 2026

The argument about AI and work is about displacement: how many jobs go, and how fast. The deeper risk is that AI removes the entry-level work through which judgement was formed. Firms are not announcing redundancies. They are hiring fewer beginners — and a company that stops growing judgement slowly loses the capacity to govern itself.

On the board agenda — AI governance

Who Owns Your Intelligence?

Enterprise AI · July 2026

Every organisation using AI is accumulating something inside a provider’s infrastructure — the standing instructions, the corrections, the evaluations, the retrieval structure that make a general model useful to one particular business. It sits on no asset register, and most contracts do not say who owns it.

The 2,000 AI Use Cases That Told Me Nothing I Needed To Know

Enterprise AI · April 2026

Use-case inventories describe the AI you could buy, not the AI you already have. The asymmetry between AI as a decision and AI as weather that has already settled.

The Liability Gap Boards Have Not Yet Seen

AI Governance · April 2026

Why product liability, contract law, and tort each fail to resolve cleanly who is accountable when an agent that arrived through ordinary software channels causes harm.

From Risk to Response

Board-Level Paper · Preview, April 2026

What boards should actually do about AI agents, now that purpose-built agent governance has crystallised as a distinct enterprise software category. Preview published; full paper forthcoming.

Your Next AI Risk Is Already Inside the Systems You Trust the Most

AI Governance · March 2026

AI agents are arriving inside the software companies already license and trust, below the threshold that triggers a board or compliance review. The organisation may already carry exposure for capabilities it never approved. Published in Board Agenda and Corporate Compliance Insights.

The Emerging Risk of AI Agent Networks

Board-Level Risk Assessment · February 2026

The 22-page foundation of the series. It named the problem of unmanaged AI agents inside the enterprise ten weeks before Gartner described the same phenomenon as agent sprawl. Identifies nine categories of risk and a three-layer governance framework. Full assessment is client IP; a public synopsis is available.

Occasional pieces

The Microsoft Setting You Should Check Today

A Linacre Capital Alert · April 2026

The Microsoft 365 Connected Experiences setting most organisations enabled years ago now governs parts of Copilot and the agents built on it — without fresh consent. A fifteen-minute check for compliance officers.

The danger has been there the whole time. Now someone is holding the flashlight.

AI & Cyber Risk · April 2026

A plain-language explanation, written for board chairs, of why a major AI cyber-capability development matters — told through a Lego-castle-and-flashlight analogy.

Busting the AI Search Myth

AI Search · March 2026

A data-led assessment of AI search hype. AI has not replaced Google by volume, but it is becoming the layer where trust-dependent decisions are shaped. You cannot own an AI ranking; you can influence the odds.

Books

Midas and 1000 Cows: An Entrepreneur’s Crazy Journey to Making Millions

An entrepreneur’s account of building and making millions — the crazy journey, told plainly.

The Conductor Protocol: A Methodology for Non-Technical Founders Building Complex AI Systems

A methodology for non-technical founders directing the building of complex AI systems they could not code themselves. A public synopsis is available.

Little Book of Big Blunders

For founders and start-up CEOs: an easy-read guide to avoiding the top 100+ mistakes that can derail or kill a business.

Capitalise — Master the Pitch, Unlock Millions

On raising capital: mastering the pitch and unlocking investment.

101 Questions An Investor Will Ask

The questions every founder should be ready to answer before they walk into the room.

Contact

Bill Lewis is Founding Partner of Linacre Capital Partners. He provides independent counsel to Chairs, CEOs and Founders on their highest-stakes decisions, on the AI now operating inside their businesses, and on major programmes that are starting to tilt — bill@linacre.net.
Visit Linacre Capital.