Saved by 0xsmac
The Death of a Venture Fund
Fantasy Capital
investing1012dot0.substack.com
His firm, TVI, had funded Microsoft, Compaq, and other notable technology companies, but it was not these that McMurtry wished to talk about. Rather, he wanted to talk about the companies that did not succeed. He recalled that in the mid-1970s, having been in the business a number of years, he had become depressed because “out of ten start-ups, we
... See moreRandall E. Stross • eBoys: The First Inside Account of Venture Capitalists at Work
One reason why funding follows the markets is that venture capitalists themselves rely on funding from limited partners, the entities that invest in VC firms. LPs need to keep their portfolios balanced between public market securities, like hedge funds, and private markets, like venture capital. When the stock market crashes, their venture capital
... See moreAli Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups
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
Tom White • How does Early-Stage Venture Capital Perform in a Recession?
