Smaller funds or solo GPs investing primarily on the basis of their differentiated personal networks and relationships may migrate here as institutionalization pushes earlier and earlier

To be clear, there are prerequisites to most of these things happening. Right now, it’s difficult to actually convert any short-term pricing edge into an actual trade—deals take weeks to months to close, secondary sales take weeks to months to execute. And, companies themselves may continue to serve as a check even if greater liquidity materializes... See more

“Instead of just writing a cold outbound email, I could send a cold inbound current term sheet. And I’d just say that we’re ready to price, and we’ll give you the liquidity instantaneously without having to spend a lot of time” he said. “I could envision a quantitative VC firm that front runs every process by offering term sheets with some pricing,... See more

Greater private markets liquidity would unlock these more quantitative strategies further. Right now, especially in venture, the decision to invest is tightly coupled with a prediction of ultimate company success. The intermediate off-ramps provided by a more liquid market would allow for strategies that hinge on accurately predicting shorter-term ... See more

LinkedIn made it dramatically easier for applicants to apply for roles, and a founder in the recruiting technology space we recently spoke with described a sharp decrease in callback rates as a result—and a tendency for recruiters to prioritize employee referrals.

We think that adoption of automated, infinitely personalized sourcing tools in PE and... See more

Startups like Listen Labs and Bridgetown Research are ones to watch in this space.

It made markets more competitive, but also enabled new types of investing, like programmatic, quantitative strategies and technology-native investment firms.

While the emerging AI stack for investors covers a laundry list of investing firm processes, every product in it ultimately leverages AI for the same task: aggregation and transformation of data from one format to another.