Investor Homan Yuen writes about the economics of venture capital funds, making the case for why most require $1B+ exits to make their funds work. This is an easy-to-understand overview of the subject. |learn more
PitchBook has an interesting infographic highlighting all sorts of stats about real estate tech. | learn more
For all the talk I’ve heard about the value of a bitcoin or other crypto token, little of it has been rooted in economics. Enter Chris Burniske of Placeholder VC who provides a rational theory of economic value for cryptoassets. […]
Investors in VC funds (and other private equity funds) have to lock up their cash for a long time, trading liquidity for potentially higher returns than public markets. Spice VC is purported to be the first to address this by […]
This excellent memo from NYC’s Notation Capital provides some worthy thoughts about how to capture value from blockchain. The memo was originally written for internal use of their limited partners. | learn more
“…had the 50 companies been a VC portfolio, it would have been the second-best-performing fund of all time. Only one fund has ever chosen better, which did most of its investments in the late 1990s and rode the dotcom bubble […]
A study out of Chicago Booth took a deep dive into the VC decision-making process with the help of surveys from almost 900 investors, both early and late stage. | learn more