added by Juan Orbea ยท updated 2y ago
Liquid Venture Capital
- Venture capital has delivered great historical returns but is illiquid and hard to access. Fortunately, innovation does not occur only at venture-backed startups.
from Liquid Venture Capital by Kai Wu
Juan Orbea added 2y ago
- We replicate venture capital returns using liquid small-cap public equities and find the underlying innovation premium also exists at large innovative firms. We also show that crypto tokens can provide a liquid complement to blockchain venture equity.
from Liquid Venture Capital by Kai Wu
Juan Orbea added 2y ago