Analysis with a practical point of view.
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder of Westminster & Partners’ developing investment business.
How does an AI product become a business that customers continue to pay for? What does governance reveal about execution? How should an investor distinguish access, activity and evidence?
Our perspectives explore those questions through investment analysis, his work as a published author and contributor to FT Adviser, a Financial Times publication, interviews, and experience in the founder community. The author, publisher and purpose of each piece remain visible.
Our editorial intention is four substantive investment notes a year: one considered quarterly analysis, with sources, assumptions and limitations visible. The target describes the programme we are developing, not a publication record already achieved.
Published elsewhere
AI in advice firms: what advisers need to know
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder · FT Adviser · 18 July 2024
An examination of AI's implications for financial-advice businesses and the relationship between advisers and clients.
“AI will make managing money a whole lot easier”
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder · FT Adviser · 13 May 2024
Opinion on AI and the changing practice of financial services.
These are his published contributions, not endorsements of Westminster's proposed fund. Full articles are available subject to the publisher's access terms.
Background and entrepreneurship
Muklesur Bharuya: Bridging Law and Entrepreneurship
A recorded conversation about the founder’s professional and entrepreneurial background. Historical context, not fund performance.
City Ventures — founder interview.
Launch Lab Podcast — Starting Up and Standing Out!
City alumni profile · 14 April 2023
City's alumni network profiled his work connecting law, technology and entrepreneurship, and the origins of a podcast developed with City Launch Lab. The story provides historical context for the interests that later informed the wider founder community.
Investment perspectives
From AI capability to commercial ROI
An anonymised client case recorded $36,000 of first-year incremental benefit against $30,000 of total cost: $6,000 net benefit and 20% customer ROI. Explore the result alongside the full cost basis and the distinction between customer economics and investment returns. Other clients’ results will vary.
Read the commercial ROI framework
Beyond the model: where AI workflow defensibility may emerge
Our anonymised client case delivered $6,000 of net first-year benefit from $36,000 of incremental benefit and $30,000 of total costs—a 20% customer ROI. The article examines the economic substance behind that result and what an investor still needs to assess. It is not fund performance or a promise of future results.
Read the perspective — Beyond the model
The governance questions behind an AI investment
What should a proposed $250,000–$750,000 initial investment require from a company's governance? Responsibility, product boundaries and supplier dependence become capital-allocation questions—not simply policy language.
Read the perspective — Governance questions
A founder conversation is not an investment decision
A hypothetical $500,000 investment at a $10m post-money valuation buys 5% initial ownership in a simple priced-equity round, before later dilution. That arithmetic is the beginning of underwriting—not a substitute for testing the business, reviewing the terms and keeping roles clear.
From the AI Founders Connect community
AI Founders Connect Weekly #136
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder · 22 May 2026
Community commentary on AI deployment and practical business execution, alongside an organiser's recap of the New York programme.
AI Founders Connect Weekly #138
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder · 5 June 2026
A community digest exploring the shift from conversational AI towards systems that act within business workflows.
Community publications are separate from Westminster's investment research. Their coverage of a company or technology does not indicate an investment, endorsement or recommendation.
Watch the community in practice
AI Founders Connect in New York — watch the community video
These materials provide general analysis and background. They are not recommendations to invest in particular companies, funds or strategies.
Books and longer-form work
Author of four books
Smart-Contract: The Rise of Decentralised Finance
Muklesur Bharuya, Attorney-at-law & Barrister, Fund Manager · Founder
A book exploring the intersection of law, smart contracts and decentralised finance. City’s alumni profile identifies him as its author.