Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
How We Just Raised $6M At An $80M Valuation From 100+ Investors Using A Link (Without Pitching)
medium.com
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
Established institutional LPs have backed solo GPs. University endowments and other institutional investors have funded several top managers. In doing so, these LPs seem to have made peace with the model’s structural risks.
Mario Gabriele • The Future of Solo Capitalists | The Generalist
Bits of information provide neither meaning nor orientation. They do not congeal into a narrative. They are purely additive. From a certain point onwards, they no longer inform — they deform. They can even darken the world. This puts them in opposition to truth. Truth illuminates the world, while information lives off the attraction of surprise,... See more
NOEMA • All That Is Solid Melts Into Information
Sidewalk Garden - Zach Klein
zachklein.com
Asking friends what would kill their firms, I heard; Performance. Succession planning. Politics. There was plenty of overlap in their answers. What stuck out to me the most was how a lot of these fears closely aligned with the revolutions already going on in venture that I've been writing about. The productization and improvement in a venture funds... See more
Kyle Harrison • The Death of a Venture Fund
In Europe, investors in first-time funds have a higher chance of exceptional returns. But why is that?