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.
Micro VCs ($5M-$50M funds) and emerging managers (Funds I-III) now capture an outsize share of seed-stage deal flow. Here's why, and how to evaluate them.
A moat is a durable competitive advantage. Here are the seven moats VCs actually underwrite — network effects, switching costs, scale, brand, IP, distribution, and data.
Raising an LP-backed VC fund is harder than raising a Series B. Here's the structure, diligence, and pitch content that actually moves LP commitments.
A roll-up is a PE strategy of acquiring and integrating many small companies into a larger platform. Here's how it actually works and when it beats organic growth.
A rolling fund raises capital on a quarterly subscription basis. Here's how AngelList-style rolling funds work, who they benefit, and their limitations.