Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
Third, most emerging fund managers do not have to worry about succession plans or manage an existing brand and track record. They can be focused on deliverying on their chosen strategy,
Francesco Perticarari • Why new VC funds offer the greatest opportunities in Venture Capital
When judgment, or narrative come up in the context of digital networks, the conversation often goes one of two directions. The first is to identify the lack of common context on social media, nothing the confusion and contention that emerges from this kind of discourse. The second is to note that knowledge communities tend to cloister themselves on... See more
Calvin Hutcheon • Enchanted — Working With Lore P2 Discursive Landscapes
The Indie Era of Startups
bryce.medium.com
perspectives on funding and venture capital (VC) and venture capital
As the amount of capital raised by venture capital firms nearly 8x’d between 2013 and 2022, the number of new startups funded didn’t even double.
When you take total VC dollars raised, divided by the number of new companies, you’ll see the average startup today has 5x more VC capital available than its counterpart did in 2013.
Rather than fund more ideas or more types of founders, most VCs simply ended up giving more dollars to more of the same founders and ideas they’d always back.
Great businesses aren’t good enough to drive the kinds of returns needed to generate the kinds of returns mega funds demand. As more capital was consumed, more risk was layered on to push from a great outcome to a mega-fund returning outcome.
Today, the fuel for startups and the oxygen for funds are being cut significantly. There is less available capital and appetite for burn
Key learnings from DAOs
linda.mirror.xyz
As with other forms of Cheems, there is obviously an important distinction here between ‘friends giving you helpful advice about obstacles you’ll need to overcome, or trade-offs to be aware of’, and ‘reflexive cynicism’.
#1: In-group Cheems
For early-stage investing, I believe that the small flat partnership is the best structure if the goal is to produce high return on capital funds. Here are some reasons why this model is superior for early-stage investing:- At the early stage, investors must bet on teams and ideas that have not been proven. The biggest winners almost always come... See more
Fred Wilson • The Partnership - AVC
