Venture Capital 2.0

Research and tools for the next generation of venture builders, investors, and founders.

Newest first

Latest Publications

Liquidity, Stupid
Research

Liquidity, Stupid

What Kauffman saw in 2012 and the load-bearing element nearly every diagnosis still misses.

Jun 8, 2026 15 min read JOHN COWAN

Sort by categories

Browse the research archive by topic.

Requires sign in or upgrade

Members Only

The Secondary Discount, Decoded
Market Data Members

The Secondary Discount, Decoded

Why the one gauge that moved this quarter is a better price on a loss, not the end of one, especially for the 2021 and 2022 vintages

Aug 3, 2026 5 min read JOHN COWAN
The LP Distress Index
Research Members

The LP Distress Index

What Venture Capital's Continuation Fund Boom is Actually Measuring

Jun 14, 2026 15 min read JOHN COWAN
Subscribe