Understanding Venture Capital
A study of the structure of venture capital firms, and how the tech industry organizes around both its positives, and its negatives.
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Luke Kanies
Founder, adviser, and strategist. Writing at lukekanies.com and second-publishing here.
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If You Take Venture Capital, You’re Forcing Your Company To Exit
To understand venture capital, you must understand the consequences of how VCs return capital to their investors
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Why the Most Successful VC Firms Keep Winning
The best companies seek out the most successful investors, and gains accumulate at the top
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One Investor Isn’t Enough
A company’s success is highly reliant on peer validation of investor decisions. This stunts diversity and must change if we want the best…
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Unicorns Distract Us from a Graveyard
Venture capital’s reliance on unicorns provides cover for the huge failure rate of startups, and investors make no effort to reduce it
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Venture Capital Is Built on Serendipity
Software has as much potential as electrification or steam power, but instead the industry ignores markets and whole classes of people…
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Venture Capital Is Ripe for Disruption
It’s time to develop new sources of capital for founders to help them solve their customer problems and avoid venture capital’s massive…