Kyle Brown, CEO of Trinity Capital (TRIN), discusses the stock making new highs and what drove success in 2025. “It was a record year,” he says, noting that they specialize in financing pre-IPO companies, and he continues to expect strength in that pipeline. AI capex spend has also created opportunities in manufacturing, where they do a lot of business. Kyle likes companies with a “moat around their technology” and are disrupting something “old and archaic.” Some of these companies “could become the next Google,” he notes, though “some will not.”