VC POV

Venture is splitting into two distinct business models.

I sometimes joke that we’re an event-planning firm with a side business in VC.

Pensions funds, SWFs, university endowments, and other large institutional LPs have specific needs. The defining one is scale.

I used to think this job was 90% picking. Now I realize the algorithm is far more complex.

We know the pattern, yet we repeat it because the fear of missing the category-definer outweighs the fear of overpaying.

An investor who never makes you mad won’t help you make money.