Venture Capital 2.0 by John Cowan
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The Gist 1 min read

The Gist: When Capital Writes the Business Plan

Episode 01. Listen or watch in under two minutes: why more venture capital does not change what a company must become to qualify for it.

JOHN COWAN

Reading brief

This analysis is part of Venture Capital 2.0’s continuing research on capital structure, governance, and post-power-law venture design.

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A weary founder holds a laptop beside a solid navy vault door with a unicorn-shaped keyhole in a brass lock plate.

Episode 01

I was reading Ronald Razmi’s Fast Company article on the K-shaped venture market. His explanation points to the financing cycle. I see a design problem: more money does not change what a company must become to qualify for it.

The Gist is the point in under two minutes. Listen to the audio or watch the captioned presentation below, then read the full essay.

Listen to The Gist

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Episode 01: When Capital Writes the Business Plan
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Read the full essay

The supporting evidence and full financing analysis are in When Capital Writes the Business Plan. The full essay is available to members.

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