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📶 shots on goal > concentration

May 22, 2025

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8 min read

📶 shots on goal > concentration

Math on why picking shouldn't be your moat, six types of seed investors, a 10-year look at Series B trends, and some bad data for tall founders

📶 the case for small funds

May 21, 2025

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7 min read

📶 the case for small funds

Why LPs are more aligned with small funds, how traditional buying journeys are being disrupted with AI, the state of venture today

📶 missing the point on secondary narratives

May 20, 2025

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9 min read

📶 missing the point on secondary narratives

Getting in vs. getting out of positions, pre or post-fall and the idea of hitting bottom, plus Redpoint and Work-Bench raise massive new funds

📶 what are LPs actually buying?

May 15, 2025

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8 min read

📶 what are LPs actually buying?

Why LPs back fund managers, the risk aversion of venture, Granola announces new funds, and Chime is filing to go public

📶 some thoughts on pre-seed pricing

May 14, 2025

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7 min read

📶 some thoughts on pre-seed pricing

The pre-seed bubble, the measure of multi-billion AUM funds, the true cost of churn, and nobody knows what an AI agent is

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