Being a Startup Founder is a minimum wage job — Here’s the proof
The Spark and The Flame
bvp.com
Of every twenty startups, usually only one will become a runaway success story, providing a 10X or even a 100X return to VC investors (see Figure 2).
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
How many highly-educated, ambitious college grads and FAANG alumni start companies chasing low-value problems, because finding the high-value ones is too hard?
Charles Cushing • How can we fix the Market for Solutions?
In the past, there have been many attempts at disrupting venture capital:
- The proliferation of angel investors (AngelList, 2010)
- Enactment and regulation of equity crowdfunding (Jobs Act, 2012)
- Cryptonative crowdfunding via token sales (2013)
Medium • Unbundling the unit economics of venture capital via DAOs
The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more