Coalition Investing and the Case for Venture Capital Without a Fund Manager
Your Most Valuable Asset Is Being Walled Off by the Fund You Invested In
Author
Carta's Latest Founder Data Says What Carta Can't
Wasserman's Data Has Not Improved Visual companion — John Cowan, Next Wave Partners Founder Dilution Trajectory Exit Waterfall Comparison The Structural Trajectory of Founder Ownership Median founder ownership at
You Can't Reindustrialise with Casino Money
Dan Gray diagnosed the disease. Here's why the cure requires new financial architecture, not just new companies.
Nineteen Cents on the Dollar: Breaking Down AngelList's Venture Fund Report
AngelList just published the most comprehensive fund performance data available for emerging managers. The numbers confirm what many of us have been talking about for years, and they point toward something better.
2026 Venture Capital Industry Forecast
Everything you need to know about the VC industry for 2026
Exclusive Report: Family Office and Fund of Funds Market
The venture capital industry has built an extraordinarily sophisticated machine for deploying capital into private markets. It has built almost nothing to get that capital back out.
Anatomy of Venture Capital Racketeering
The Economic War Peter Thiel Doesn't Talk About (and Probably Doesn't Want to)
Misdiagnosis or Misdirection? Peter Thiel is right that we're in an economic war, but wrong about who's fighting it. The conflict is between two incompatible forms
Breaking Down Goldman Sachs' Acquisition of Industry Ventures
There is blood on the streets, and Goldman just bought the mop company. Its deal to acquire Industry Ventures is an acknowledgment that the crisis is here: late-stage tech and
Introducing The Portfolio Allocation Matrix - A Risk Modeling Framework for Venture Studios
From Deal Structure to Portfolio Strategy Most venture studios fail because they try to develop the wrong companies at the wrong time, or they try to shoehorn themselves into someone