Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
We Raised A Bunch Of Money
fly.io
But what could a future-proof venture firm look like if it was built from scratch? These are the most common ideas that have come up in my conversations- Visionary leadership- An org chart that reflects value-creation- Product-led value proposition- Incentivizing collaboration and apprenticeship internally- Intellectually honest decision making
Fantasy Capital
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
If it is true that the era of collective experimentation online was short lived, then the next interesting question is why. One hypothesis that I’m intrigued with is rooted less in technological changes and more in social ones. Shirky’s dictum that revolutions start from behavioral change rather than from technological change helps us also explain... See more
Tim Hwang • Here Went Everybody
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
The optimism of Web 2.0 rested in large part on its pure excitement about the web as a fundamentally open-ended technology. In Free Culture, permissive intellectual property and remixing would unleash a wave of as-yet unimagined discourse and expression.
Tim Hwang • Here Went Everybody
Companion presentation deck to Ribbonfarm's six part newsletter series on emergent management practice, lorecraft.