VC POV

It’s investing 101, and yet we’re failing as an asset class.

There’s so much to know and so many ways to know it, and yet it feels harder than ever.

When Jack Altman merged his fund into Benchmark recently, it wasn’t just a partner announcement, it was a sign that change is afoot in this business.

When everyone optimizes for the same signals, non-obvious founders and out-of-favor categories get screened out before the first meeting.

Venture is splitting into two distinct business models.