Venture Capital - Venture Capital 2.0

Exclusive Report: Family Office and Fund of Funds Market

paid – 12 min read

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.

Dec 12, 2025

JOHN COWAN

Anatomy of Venture Capital Racketeering

members – 8 min read

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Dec 1, 2025

JOHN COWAN

Breaking Down Goldman Sachs' Acquisition of Industry Ventures

members – 10 min read

There is blood on the streets, and Goldman just bought the mop company. Its deal to acquire Industry Ventures is…

Oct 15, 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

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

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

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

Jun 4, 2025

JOHN COWAN

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.

May 23, 2025

JOHN COWAN