Professionalizing the Venture Capital Industry Through Public Markets: Lessons from Bill Ackman's Strategy
The professionalization of venture capital will be forged in public offerings, and Bill Ackman reveals how it can be done
Topic dossier
Venture Capital
Essays, research notes, and operating frameworks filed under Venture Capital.
Sequoia's Evergreen Fund and the End of Traditional Structures
A detailed examination of Sequoia's Evergreen Fund reveals the future of venture capital
Evergreen Funds and the Remaking of the Venture Capital Asset
The future of venture funds is Evergreen. Coupled with the venture studio business model, a new paradigm awaits
The Extinction of Venture Capital as We Know It and the Rise of the Venture Studio Business Model
A new model is emerging to take the place of the failing unicorn investment thesis. Welcome to the Venture Studio era.
How the AI Unicorns Will Spark the Next Big Venture Capital Implosion
VCs use irrational public comparables to inflate portfolio valuations that justify more and bigger funds predicated on irrational investing in AI companies.
Machines are Eating the World: The Data Gravity Investment Thesis in the Era of Autonomy
The wealth created following the advent of the smartphone gives us a blueprint for investing in the Era of Autonomy.
'Safer' Strategies: Rethinking Startup Investment
A case study from my initial experience pricing Safer investment transactions for early stage companies
Vanishing Equity: The Financial Sorcery of Venture Capital
Founders will give up more than 80% of their company over four rounds of venture investment. Venture Capital firms use a suite of finely-tuned instruments to manifest this excessive equity dilution.
The Power Law Cartel in Venture Capital
Venture Capital is controlled by a handful of firms - the Power Law Cartel - and the failure of their Unicorn investment strategy exposes both problems and opportunities for the industry.
America's Innovation Paradox
America's "Innovation Paradox" arises from the mismatch between the current capital investment thesis and the necessity of investment into nationwide sustainable digital infrastructure initiatives.