The Venture Arrogance Score: A simple formula to evaluate a VC firm's business modelWhat percent of "total annual startup value creation" does that fund need to capture in order to generate their desired return.You just need five numbers to calculate it...1) Fund Size and Investment Window (this is simple...just take the size of their last fund -- ... See more

A great deal has been written about what constitutes Venture Capital and what does not (including by this very author) in these seventy years. Though many different things to many different people, Justice Potter Stewart’s famous dictum in Jacobellis v. Ohio works for our purposes:I shall not today attempt further to define the kinds of material I ... See more