Venture Capital

Venture Capital

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25 Years of Outperformance: A Comparative Analysis of US Venture Capital vs. the S&P 500
Over 25 years, US Venture Capital outperformed the S&P 500 by 4.7x, turning $1,000 into $28,259 vs. $5,958. This analysis uses AACR and mPME to reveal…
The VC Bottleneck: Why Emerging Managers Face a Defining Moment
Emerging VC firms face a crisis of capital, competition, and timing—reshaping the future of venture capital and the diversity of innovation leadership.
Top and Bottom Performers in Venture Capital
Discover how DPI benchmarks vary across VC fund sizes, helping emerging managers set realistic expectations, manage risk, and refine investor…
Why Pensions Keep Betting on Big VC Funds (Despite Abysmal Returns)
I love hearing spicy conspiracy theories from emerging managers on why pensions continue to choose large VC firms despite their abysmal returns:
The Perception of Capital-Intensive Hardware vs. Software
While hardware startups have traditionally been seen as more capital-intensive, the rapid growth of software companies has led them to raise just as…
Family Offices Investing in Major League Soccer: A Growing Trend
I've noticed that owning international and domestic soccer teams has become one of the most coveted trophy assets for family offices—and for good…
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The Yale Model and Emerging Managers: A Legacy of Innovation
The Yale Model, also known as the Endowment Model, revolutionized institutional investing and inspired countless careers in finance.
Venture vs Search Fund Exit Multiples
The valuation of a tech services firm depends heavily on its exit strategy—whether it's venture capital or a search fund.
TechCon SoCal 2025: A Premier Technology and Innovation Event in San Diego
TechCon SoCal 2025, held on January 17–18, 2025 at the iconic Conrad Prebys Student Union at San Diego State University, brought together some of the…
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The Dilution Dilemma: Sell at Seed over Series D?
For many founders, selling at seed would yield more wealth than building a business to a Series D. Seed-stage founders typically retain 60-80% company…
Understanding the Power Law in Venture Capital Returns
The power law is the fundamental reality of venture capital: a small number of investments will drive the vast majority of returns, while most will fail…
The Role of Venture Capital in the Startup Ecosystem
Venture capital is fundamentally about backing exceptional founders who can transform bold ideas into scalable businesses, requiring a keen eye for…
The Importance of Generalist Skills in VC
In venture capital, particularly at the early stages, generalist skills are invaluable as they allow investors to navigate diverse industries and assess…
The History of Venture Capital
I’ve learned that the most critical aspect of venture capital is identifying and backing exceptional founders who can turn bold, transformative ideas…
Venture Capital
Venture Capital
Discussing venture capital from a GP in LA.

Venture Capital

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