The Death of a Venture Fund

And for the rare successful operators who do go on to start a new company, most opt to copy a successful product and compete for market share. Today, the market is overrun with luxury credit cards and task management tools. While often lucrative, these are also generally  bad quests . While the players may profit from winning market share from

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It’s becoming more and more common. As the markets become more liquid, the industry becomes more hit-driven. So the odds of your thing working out all the way get lower. The incentives of founders and investors are starting to diverge more and more. You can have a $100 million exit as a founder and you’re really happy, but your investors may not be

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“Over 70% of startups fail or die. 3% of companies exit above $100 million, 0.7 % exit above $500 million, 0.2% exit above $1 billion, 0.06% exit above $2 billion. In the 1,000 companies hand-selected and funded by venture capital, only two of them can get to an exit over $1 billion. Five companies exit between $500 million and $1 billion. A total

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