Venture Capital Economics with Public Market Liquidity
multicoin.capital
Venture Capital Economics with Public Market Liquidity
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
Venture capital has delivered great historical returns but is illiquid and hard to access. Fortunately, innovation does not occur only at venture-backed startups.
Kai Wu • Liquid Venture Capital
The Three-Body Problem: Finding the New Stable Points in Venture Capital
fintechjunkie.com
venture capitalists is the craft of working the portfolio, choosing when to pour on resources and when to withhold.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
desire to maintain a diversified portfolio, venture capital is intended to produce what investment managers refer to as alpha—excess returns relative to a specific market index.