Alternative Finance
JOHN COWAN
Alternative Finance
Analysis: Wefunder's New Hybrid Investment Instrument
Strategy
Geographic Alpha: Using Spatial Arbitrage to Optimize Venture Studio Strategy
Venture Capital
A Constructive Critique of Time Dislocation Theory in Venture Capital
This isn't a cyclical downturn to be waited out - mounting evidence suggests we're witnessing the death of a funding model that can no longer sustain its own mathematics, creating space for new approaches better adapted to funding next-generation innovation.
Lipstick on a Unicorn: Continuation Funds and the Art of VC Self-Deception
The venture capital industry’s gravitation to continuation funds masks deeper structural issues and points to an industry clinging to life, not re-invention.
Venture Capital
The Globalization of Innovation Investing: A Revolution in the Wake of Venture Capital's Collapse
Venture Capital
The Unicorn Hangover: A Decade of Reckoning Looms for Venture Capital
We may be well into the 2030's before the venture asset class returns
Innovation
Professionalizing the Venture Capital Industry Through Public Markets: Lessons from Bill Ackman's Strategy
Venture Capital
Sequoia's Evergreen Fund and the End of Traditional Structures
Founders
The DNA of Great Founders
Entrepreneurship cannot be taught. The elements of a great founder are like DNA and can, therefore, be mapped.
Venture Capital
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
Venture Capital
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.
Venture Capital
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.
Strategy
Machines are Eating the World: The Data Gravity Investment Thesis in the Era of Autonomy
Strategy
Creative Destruction: The Business of Collegiate Sports in the NIL Era
Strategy
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
Venture Capital
'Safer' Strategies: Rethinking Startup Investment
Venture Capital
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.