"Venture capital spent the last decade pulling itself in two. The vast amount of capital resulted in the expansion of early investing while also keeping companies private for much longer. It’s easy to find people talking at cross purposes because they exist at opposite ends of the market. The differences are so... See more

"things end up back where they started" the last 15 years of venture were the exception, not the rule. zirp and ever growing internet markets meant that we could believe in a set of collective delusions about the structure of markets and companies that ultimately lead to an insane belief that you could generate durable... See more