Second, emerging fund managers tend to be made up of a smaller group of GPs or solo capitalists with strong industry insights and personal brand in a specific industry or trend, often when this is still nascent and overlooked by the established players.
The chief reason why ideation is now so important is that it starts at the beginning; in the truest sense of exploration. The main argument as to why generalists can offer such valuable assistance with this is that they can hunt down and recognize more different possibilities than can specialists. Generalism is not simply a nice-to-have; it’s essen... See more
The startup ecosystem is experiencing a series of changes that can't be ignored:- cambrian explosion of funding availability- more value is being created on private markets- going from zero to one is no longer a dark art - ie more talented operators, more infrastructure to build quickly and cheaplyChange is coming to the VC ecosystem. Who will win:... See more
To drive outsized returns, make concentrated bets. Part of Multicoin’s genius is its willingness to back up its conviction with capital. Many of the firm’s best-performing investments were sized aggressively, contributing to the fund’s outpermance.