Saved by Juan Orbea
Liquid Venture Capital

More firms are incubating companies as early-stage valuations rise.
A few successes:
• Snowflake ($49B mrkt cap) by Sutter Hill Ventures
• Affirm ($6B mrkt cap) by HVF Labs
• Hims & Hers ($1.3B mrkt cap) by Atomic
Our latest Signature Block essay is on venture studios...
Investing
Simple Agreement for Future Equity (SAFE)
A SAFE gives investors the rights to purchase stock in a future equity round, often with a specific cap and/or discount. No specific price per share is determined at the time of the initial investment.
They’re a simple and fast way to get early investments into a company. The SAFE was originally i
... See moreWeekend Fund • VC terms you need to know
For instance, VC firms return 25 percent on average, while the typical stock market return in a given year is 8 percent annually.
Bradley Miles • #BreakIntoVC: How to Break Into Venture Capital And Think Like an Investor Whether You're a Student, Entrepreneur or Working Professional (Venture Capital Guidebook Book 1)
Typically venture funds won’t invest in direct competitors to a portfolio company to avoid conflicts of interest (this decouples at the latest stages of private investment, but typically not series A/B/C). This means that venture firms will invest in only one company within a competitive space, even if the space is big enough for multiple successfu... See more
Venture Capital Economics with Public Market Liquidity
