It's too difficult to develop an investment track record If you aren't independently wealthy or a part of existing homogenous VC networks. Additionally, fund of fund data shows that emerging managers outperform compared to legacy funds. Our industry should be reimagining ways to boost returns via expanding the pool of qualified investors. Emerging... See more

Most funds don’t lose (by which I mean: they do not beat the benchmark, or even the S&P 500) because they’re foolish; they lose because they’re uninstrumented, by which I mean:

• They mistake deal flow for alpha;


• They optimize for access to founders instead of access to rules, budgets, and buyers.


• They staff platform teams but not policy teams;


• They

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Personal Introductions Only — How AI is raising barriers in Silicon Valley, not lowering them… and stratifying society and class not flattening it. https://t.co/kheTVtuOQs