Thoughts on recurring revenue vs. annual run rate, underwriting small funds on potential, and the investors who have backed the top 100 AI companies
How to find asymmetric opportunities, it's a bad year to be an emerging manager, why there is so much VC turnover, and how Technology Brothers have taken over the internet
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
Why LPs are more aligned with small funds, how traditional buying journeys are being disrupted with AI, the state of venture today
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
Why LPs back fund managers, the risk aversion of venture, Granola announces new funds, and Chime is filing to go public
~2,500 words on what I think is the biggest thing going on in venture
21 of the biggest stories we have broken down over the past few years that give a glimpse into the future
Venture in 2030, Ramp data on businesses dropping their ad spend, JetBlue calls it quits on their CVC, and the downside of secondaries
Are venture jobs losing their appeal, data is the new oil = fracking humans for their thoughts, and looking for a tech job has never been more confusing
Thoughts on qualifying your LPs, Jeff Bezos on asymmetric opportunities, the agentic revolution, and Harvard loses tax-exempt status
Negative signaling risk, partner attribution shifting fund-over-fund, Sarah Tavel is leaving Benchmark, and SPACs are back?
