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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If you write something amazing, a few emails to some key people in your field is all you need to start this process. These intellectual liquidity providers are highly incentivized to reference your work as they (1) prove to their audience that they are still capable of identifying good content from talented individuals and (2) receive goodwill from... See more