Venture Capital Economics with Public Market Liquidity
multicoin.capital
Venture Capital Economics with Public Market Liquidity
Permissionless Capital, Global Consensus and New Markets
zeeprime.capital
We replicate venture capital returns using liquid small-cap public equities and find the underlying innovation premium also exists at large innovative firms. We also show that crypto tokens can provide a liquid complement to blockchain venture equity.
Kai Wu • Liquid Venture Capital
LPs don’t just invest in VCs; they construct a diversified portfolio around a defined asset allocation to try to achieve their return goals, but within a defined volatility (or risk) framework.
Scott Kupor • Secrets of Sand Hill Road
On a recent Acquired episode, Multicoin Capital VC Kyle Samani points out why VCs have far greater risk-tolerance to make moonshot bets with tokenized web3 companies than they do with non-tokenized web2 companies: web3 VCs can always sell off the tokens, typically after a vesting period of a year. Where traditional VCs see most of their struggling ... See more