“In those posts I was analyzing data from Correlation Ventures that showed … that 65% of investment rounds fail to return 1x capital and only 4% return greater than 10x capital.” | learn more
“Hyman Minsky was a 20th-century economist whose ‘financial instability hypothesis’ is probably the best-known explanation for the boom and bust cycles that characterize public financial markets. … We’re currently in the midst of an unprecedented boom in private market activity. […]
“Advanced techniques are applied to study patterns of growth, failure, value evolution, and performance.” This form of analysis has proven valuable across multiple classes of investments. The pace of VC deals nowadays might provide enough data to apply the approach […]
Tom Tunguz muses about the parallels between public and private markets, and whether passive investing will take permanent hold in the venture capital market. There’s some basis for it, as it’s not like Series F/G/H investors are very involved in […]
Elad Gil defends Silicon Valley tech startups, making the case that Theranos is not representative of them. “Theranos raised no real mainstream venture capital. None of the mainstream tech or biotech funders invested in Theranos.” | learn more
The hedge fund Tiger Global and several offshoots are aggressively deploying capital into startups with little diligence, historically high prices, and lighting fast speed. “Hah! You’re telling me — I heard they did [Deal X] in 24 hours after only getting a […]
This story circulated quickly over the past week. Indie.vc was a funder of startups that didn’t fit the “billion dollars or broke” venture capital path. The fund’s investors have not been thrilled with the approach, and now Indie is shutting […]
“Having capital available to founders without existing personal wealth not only allows more diverse founders to enter the startup industry, but also provides a sturdier path for younger entrepreneurs working on their first business.” | learn more
I’m not much of a twitter user but sometimes that’s where the action is! Crain’s reported “Tech incubator 1871 is launching a 12-week virtual program to help Black entrepreneurs start and grow companies.” The catch? There’s no funding. Chicago VC Ezra […]
“Our first 4 funds are mature enough to know where they’ll end up and all of them will handily beat this benchmark. I reviewed our portfolio this morning and jotted down 12 notes.” | learn more