The VC J-Curve: Why New Funds Look Bad Before They Look Good
The J-curve describes how VC fund returns dip in early years before recovering and accelerating. Here's why it happens and how LPs plan around it.
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The J-curve describes how VC fund returns dip in early years before recovering and accelerating. Here's why it happens and how LPs plan around it.
A fund of funds invests in other funds rather than directly in companies. Here's the 2026 landscape, fee structure, and when a FoF is the right LP choice.
Family offices manage wealth for ultra-high-net-worth families. Here's how single vs multi-family offices invest in VC — directly, through funds, and as co-investors.
A down round is a financing at a lower valuation than the previous round. Here's what triggers one, who it hurts most, and how to structure around it.
Corporate venture arms write some of the biggest checks in 2026. Here's when strategic capital helps, when it hurts, and what to negotiate first.
A convertible note is short-term debt that converts into equity at the next priced round. Here's how interest, maturity, cap, and discount actually work.