Sublime

A venture capital firm invests under the premise of an upside scenario, this is to say that if the firm invests in 10 companies through the fund, they only expect one or two companies to hit a home run (an 8-10x return or more), and couple solid returns ( >1x), while the other six or seven companies may fail (no return) or simply return the amou

VC firms often come together in a deal by syndicating, meaning having multiple VC firms participate in an investment round.

The endowment and pension fund agree to invest. Cynthia and Mercedes then form “CynMerc” Ventures, which will invest in early stage private companies. With this first fund—let’s call it CynMerc I, CynMerc Ventures will spend 3-5 years investing the money and 5 more years (8 to 10 years in total) to get the pension and endowment money back plus a su

venture capitalists are causally responsible for the launch of one-fifth of the 300 largest US public companies in existence today. Moreover, they estimate that three-quarters of the largest US VC-backed companies would not have existed or achieved their current scale without VC support.

The three biggest innovations in venture investing in the last 10 years include (in no particular order) (1) Y Combinator and the early-stage revolution, (2) AngelList Syndicates and distributed angel networks, and (3) DST and late-stage investing.