David Bloom
@dcb
David Bloom
Financial history is marked by the redrawing of asset class boundaries by breakthrough companies, creative financiers, and macroeconomic shifts. This often happens at a shocking speed.
Brett Bivens • The Rise of Production Capital
Free Agency —The careers company.
freeagency.com
is this a big oppportunity? Is there a new model here? especially with the packages being paid in AI?
A Crisis Moment for Seed VC
nextview.vc
$1b = unicorn. $10B = decacorn. $100B = centicorn. $1T = kilocorn. It's very clear to me that the large multi-stage firms are now purely centicorn and kilocorn shops. a16z raising $20B, Sequoia and others changing their reg status to hold companies beyond IPO, it's a new game and a new capital stack in venture. Sequoia and Sutter Hill put $2m in to... See more
Paul Venuto • feed updates
evergreen fund could be the right answer in the future
They grew up counter-positioning against the classic 1990s VC model.”
Mario Gabriele • No Rivals: The Founders Fund Story
what is counter positioned now? and right? not just counter position to be different
Our industry is still beholden to a rigid 10-year fund cycle pioneered in the 1970s. As chips shrank and software flew to the cloud, venture capital kept operating on the business equivalent of floppy disks. Once upon a time the 10-year fund cycle made sense.
Incentives and Outcomes - Credistick
can we shorten this to 5-7 years. Selling systematically in series B companies and raising smaller funds more quickly
“Whenever you have these massive up-rounds led by smart investors, almost as a rule of thumb, they are undervalued,” he said. “It’s because when these companies have momentum, people undervalue that momentum. When things change, they underestimate how much things have changed.” A willingness to concentrate on the fund’s winners would become a Thiel... See more
Mario Gabriele • No Rivals: The Founders Fund Story
There’s a bit of an “everything old is new again” feeling here. In 2014, Y Combinator announced that in order to “reduc[e] conflicts”, they had ended all “LP and LP-like ... relationships with several VC firms”. I don’t know if YC’s LP base still excludes VCs, but this decision is one of few public acknowledgments I’ve seen of the fraught nature of... See more
Geri Kirilova • Enmeshment in Venture — Laconia
didnt realize this was that public…thought it was inside baseball