Saved by sari
Betting the Firm
A year ago, I made a weird bet: that you could raise venture capital to buy boring old businesses—and scale them like tech startups
Most the VCs I pitched said their LPs wouldn’t get it
Now those same firms are raising billion-dollar funds on this strategy
Here's... See more
Jeremy Yamaguchix.com
You can trace the shift cleary through three eras:
- Venture Capitalism (pre-2008)
- Alpha driven by : Risk and discovery.
- Example : Early Google, Genentech, small funds, asymmetric bets.
- Purpose : Generate outsize returns on investment.
- Venture Developmentalism (2008-2020)
- Alpha driven by : Coordination under the state.
- Example : Uber, Airbnb,