Evergreen Funds and the Remaking of the Venture Capital Asset
The future of venture funds is Evergreen. Coupled with the venture studio business model, a new paradigm awaits
JOHN COWAN
The Extinction of Venture Capital as We Know It and the Rise of the Venture Studio Business Model
A new model is emerging to take the place of the failing unicorn investment thesis. Welcome to the Venture Studio era.
How the AI Unicorns Will Spark the Next Big Venture Capital Implosion
VCs use irrational public comparables to inflate portfolio valuations that justify more and bigger funds predicated on irrational investing in AI companies.
Machines are Eating the World: The Data Gravity Investment Thesis in the Era of Autonomy
The wealth created following the advent of the smartphone gives us a blueprint for investing in the Era of Autonomy.
Creative Destruction: The Business of Collegiate Sports in the NIL Era
Most times we only get to observe creative destruction in the past tense, but the rapidly evolving Collegiate NIL market reveals creative destruction in real time. This provides a blue print for investors and innovators to capture a new market.
Tesla's Disruptive Force: The Platform Business Model that Snuffed Out Apple
Apple's failed attempt to invent an EV is a caution flag for investors and a lesson in strategy failure
The 'Safer' Strategy: Toward Sustainable Venture Capital Returns
How to create better returns more consistently for startup investors
'Safer' Strategies: Rethinking Startup Investment
A case study from my initial experience pricing Safer investment transactions for early stage companies
Vanishing Equity: The Financial Sorcery of Venture Capital
Founders will give up more than 80% of their company over four rounds of venture investment. Venture Capital firms use a suite of finely-tuned instruments to manifest this excessive equity dilution.
The Power Law Cartel in Venture Capital
Venture Capital is controlled by a handful of firms - the Power Law Cartel - and the failure of their Unicorn investment strategy exposes both problems and opportunities for the industry.
Venture Capital in Transition: Navigating New Realities in Secondary Markets and Realigning GP Incentives
Fresh data from Jefferies Financial Group focuses on the current state and future expectations of the secondary market for venture capital and private equity. In my latest research I break down and analyze
The Brex Dilemma: Riding the Venture Capital Wave and Facing Its Crumbling Foundation
Perhaps surprising to some, Brex, the prominent player in the intersection of financial services and startup funding, has recently announced that is cutting another 20% of its workforce. This news has sent shockwaves