There is ample evidence the venture model is finally innovating (See HERE & HERE), along with the venture industry’s center of gravity expanding beyond Silicon Valley (see HERE). Some of these changes include: Structured multi-round funding strategies (Scout/Opportunity Funds) Proper diversification (HERE) Standardized reporting and analytics across portfolio holdings (HERE) …

Or to put it less succinctly — pros (the good ones) apply a process, amateurs follow the crowd. * Credit for the title goes to Christopher Schelling. You will see he clearly falls in the ‘former’ category. Thankfully, some of the leading venture firms (see HERE, HERE & HERE) are…

In the last 10 years, Israel & China have surpassed the U.S. in the origination of meaningful innovation. While they are building deep tech, we are funding food delivery companies, sports betting, Angry Apes, and weaponized social media platforms — the modern equivalent of ‘Bread & Circuses’. Venture firms are…

Not a coder was coding, not moving a mouse; The term sheet was posted on the white board with care, In hopes that ‘Dead Presidents’ soon would list there; The C Suite were nestled all snug in their Aerons, While visions of bonuses danced in their neurons, And chairman in…

Or, what if Danny Kahneman & Annie Duke walked into a bar…. ….and decided to design a better venture funding process? What if …Steve Case is right — that not only is there an opportunity gap in this country, but there are many worthy entrepreneurial efforts across the country getting overlooked? What if…the concentration of venture activity on the coasts is, in…

Research confirms evidence of proper transparency will improve investment results substantially. https://tcrn.ch/2u3WlK7

The venture capital industry exists as a means to innovation. Does the industry itself, however, generate the types of innovations that one would expect? …

One 'infrastructure' you overlooked is the need to innovate on the very manner we support entrepreneurial experimentation. The 'GP-drive' venture funding model is outdated given the expansion and acceleration of innovation blossoming from all corners of the world. Those Campbell-esque 'heroes' willing to take the initiative to step off into the unknown need more efficient access to the resources they need to support their journey'. Their simple willingness to step off IS the act of heroism and should be constrained by their business model, their location, their gender, ethnicity, etc.

Folks, As a former securities analyst/portfolio manager for 20+ yrs (delivering 1st Quadrant returns 15 of those 20 yrs, with the #1 relative and absolute returns in the Large Cap Core style box between '96 and '09 (think great risk mgmt with 300 to 400 bps above S&P during run…