Juan Orbea

Some funds perform “return the fund” analysis before making an individual investment. This analysis essentially looks to understand what value a given company would have to exit at to both return the fund as well as hit the targeted net return given assumed dilution over time.

The last 12 years were "up and to the right". It’s easy to make IRRs work really well in a 12-year bull market but VCs have to make money in good markets and bad.

First describing the triangular structure of desire -- object, model, and subject -- Girard tells how conflicts are resolved and why human society is not marked by total conflict all the time.  

Hard times call for furious dancing