- Home
- Venture Capital
- Dog Shit Wrapped in Cat Shit: Continuation Vehicles and the Great Venture Capital Liquidity Illusion
Dog Shit Wrapped in Cat Shit: Continuation Vehicles and the Great Venture Capital Liquidity Illusion
Jun 10, 2025
—
11 min read
You might also like
What Carta's Peter Walker Won't Say, But I Will
members
–
5 min read
The Venture Model Isn't Broken Because Founders Raised Too Much—It's Broken Because 46% of Seed Rounds Are Now Bridge Rounds to Nowhere
Bridge to Nowhere: How the Seed-Stage Loop Exposes Venture Capital’s Structural Crisis
members
–
4 min read
Seed-stage startups are increasingly stuck in funding limbo, with record bridge rounds replacing Series A progression. This isn’t a founder failure—it’s part of the systemic breakdown in venture capital structure.
How Venture Studios Deliver What Corporate Investors and VCs Can’t
members
–
9 min read
Discover why venture studios are emerging as the preferred innovation vehicle for corporates and institutional investors seeking alignment, speed, and ROI.