JOHN COWAN - Venture Capital 2.0

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

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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

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

members – 5 min read

Mid-Year 2025 Venture Capital Forecast Update Six months into 2025, the venture capital landscape has evolved in ways that both…

Jun 19, 2025

JOHN COWAN

Venture Capital Cause of Death

paid – 6 min read

I turned a decade of venture capital data into a handy interactive chart to illustrate the moment the VC industry…

Jun 17, 2025

JOHN COWAN

Continuation Vehicles Dossier

paid – 9 min read

Complete Data and Research Blueprints Premium Subscriber Exclusive Edition

Jun 10, 2025

JOHN COWAN

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

members – 11 min read

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Jun 10, 2025

JOHN COWAN

Subtracting the Giants: How to Escape the Venture Capital Collapse

members – 8 min read

Remove mega-funds from VC data: $368B→$50B. That's an epic collapse hidden by Venture Banks. The good news? The exodus sparked a funding revolution—venture studios, revenue financing, corporate VC. The old guard killed VC. The vanguard doesn't need it.

Jun 6, 2025

JOHN COWAN