This pressure creates a liquidity paradox: funds must show returns precisely when their portfolio companies need the most support to reach meaningful exits.

Smart venture firms are adopting the private equity playbook with remarkable success. Concentrated portfolios enable deeper partnerships with portfolio companies. When you have 15 investments instead of 50, each receives meaningful attention. This hands-on approach drives faster growth, better operational metrics, and ultimately shorter paths to li... See more

Private equity firms solved this equation decades ago with concentrated portfolios and active value creation. They typically hold 10-15 core positions, enabling intensive operational support and strategic guidance. Their three to four-year hold periods align capital deployment with liquidity generation. Venture capital, clinging to spray-and-pray d... See more