Macro Trends
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.
Macro Trends
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.
OpED
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'
Macro Trends
Capturing Dislocation Alpha: The Venture Studio Hedge Against the AI Bubble
The Contrarian Investment Thesis
The AI venture capital bubble will inevitably unwind over the next several years, creating an unprecedented
Macro Trends
Trump to Bail Out Failing Venture Capital Industry with America’s 401k Retirement Savings
President Trump is preparing to sign an executive order that would open $12.5 trillion in American 401(k) retirement
Macro Trends
Subtracting the Giants: How to Escape the Venture Capital Collapse
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.
Venture Capital
Broligarchy Endgame: Total Monopoly Through Government-Backed Intelligent Infrastructure
This multi-part essay explores Silicon Valley’s meteoric rise in influence over public infrastructure, the monopolization of autonomous systems, and what can be done to prevent a new era of digital feudalism in the wake of the current regime’s ambition to run America like a private corporation.
