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The Economic War Peter Thiel Doesn't Talk About (and Probably Doesn't Want to)

Breaking Down Goldman Sachs' Acquisition of Industry Ventures

Capturing Dislocation Alpha: The Venture Studio Hedge Against the AI Bubble

Venture Studios and Family Offices: Breaking From Fund Economics to Unlock Capital

Trump to Bail Out Failing Venture Capital Industry with America’s 401k Retirement Savings

Regulation Crowdfunding: Exploring a Democratic Foundation for Post-VC Innovation Finance

2025 VC Forecast Mid-Year Update: The Accelerating Collapse and the $30 Billion Opportunity

Dog Shit Wrapped in Cat Shit: Continuation Vehicles and the Great Venture Capital Liquidity Illusion

Subtracting the Giants: How to Escape the Venture Capital Collapse

What Carta's Peter Walker Won't Say, But I Will

How Venture Studios Deliver What Corporate Investors and VCs Can’t

2025 Strategic Framework for Venture Studios - Part I: Venture Reciprocity Re-revisited

2025 Venture Capital Industry Forecast

Alternative Financing Strategies for Venture Studio Managers: Analyzing Safer Returns

Geographic Alpha: Using Spatial Arbitrage to Optimize Venture Studio Strategy

A Constructive Critique of Time Dislocation Theory in Venture Capital

The Unicorn Hangover: A Decade of Reckoning Looms for Venture Capital

Sequoia's Evergreen Fund and the End of Traditional Structures

Evergreen Funds and the Remaking of the Venture Capital Asset

The Extinction of Venture Capital as We Know It and the Rise of the Venture Studio Business Model

How the AI Unicorns Will Spark the Next Big Venture Capital Implosion

Machines are Eating the World: The Data Gravity Investment Thesis in the Era of Autonomy

'Safer' Strategies: Rethinking Startup Investment

Vanishing Equity: The Financial Sorcery of Venture Capital

The Power Law Cartel in Venture Capital

The Economic War Peter Thiel Doesn't Talk About (and Probably Doesn't Want to)

public – 9 min read

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Misdiagnosis or Misdirection? Peter Thiel is right that we're in an economic war, but wrong about who'…

Nov 11, 2025

JOHN COWAN

Breaking Down Goldman Sachs' Acquisition of Industry Ventures

members – 10 min read

There is blood on the streets, and Goldman just bought the mop company. Its deal to acquire Industry Ventures is…

Oct 15, 2025

JOHN COWAN

Introducing The Portfolio Allocation Matrix - A Risk Modeling Framework for Venture Studios

paid – 7 min read

From Deal Structure to Portfolio Strategy Most venture studios fail because they try to develop the wrong companies at the…

Oct 13, 2025

JOHN COWAN

Capturing Dislocation Alpha: The Venture Studio Hedge Against the AI Bubble

tiers – 8 min read

The Contrarian Investment Thesis The AI venture capital bubble will inevitably unwind over the next several years, creating an unprecedented…

Sep 22, 2025

JOHN COWAN

Venture Studios and Family Offices: Breaking From Fund Economics to Unlock Capital

members – 9 min read

The Convergence of Studios and Family Offices For decades, venture capital has operated as a closed ecosystem between institutional Limited…

Aug 27, 2025

JOHN COWAN

Analyzing the Startup Down Round Trend

members – 8 min read

…

Aug 1, 2025

JOHN COWAN

The Great LP Exodus: Why Institutional Capital Is Fleeing Venture Capital

paid – 17 min read

Research Dossier for Emerging Managers and Venture Studio Operators

Jul 25, 2025

JOHN COWAN

Trump to Bail Out Failing Venture Capital Industry with America’s 401k Retirement Savings

members – 17 min read

President Trump is preparing to sign an executive order that would open $12.5 trillion in American 401(k) retirement…

Jul 24, 2025

JOHN COWAN

Regulation Crowdfunding: Exploring a Democratic Foundation for Post-VC Innovation Finance

members – 8 min read

The Traditional Model's Current Challenges The venture capital industry faces significant structural challenges. As documented in comprehensive analyses…

Jun 24, 2025

JOHN COWAN

Carta's Charts Don't Lie: The Series A Sprint Is a Cartel-Designed Death Trap

members – 6 min read

Peter Walker's latest Carta data reveals a brutal truth: if your startup hasn't raised Series A within 24 months of seed funding, you're essentially dead.

Jun 20, 2025

JOHN COWAN