Series: Venture Capital
We need a new financing model to build new, better companies
To understand venture capital, you must understand the consequences of how VCs return capital to their investors
The best companies seek out the most successful investors, and gains accumulate at the top
A company’s success is highly reliant on peer validation of investor decisions. This stunts diversity and must change if we want the best founders working on the biggest opportunities.
Venture capital’s reliance on unicorns provides cover for the huge failure rate of startups, and investors make no effort to reduce it
Software has as much potential as electrification or steam power, but instead the industry ignores markets and whole classes of people, which stunts how much it can affect our world
It’s time to develop new sources of capital for founders to help them solve their customer problems and avoid venture capital’s massive failure rate