From Deal Structure to Portfolio Strategy Most venture studios fail because they try to develop the wrong companies at the wrong time, or they try to shoehorn themselves into someone elses idea of what a "Venture Studio" is. They launch as "startup factories," attempting what I| Venture Capital 2.0
The Contrarian Investment Thesis The AI venture capital bubble will inevitably unwind over the next several years, creating an unprecedented opportunity for value capture in the history of technology. More than a hundred AI companies valued at hundreds of billions of dollars will face severe capital constraints, requiring new structures| Venture Capital 2.0
The Convergence of Studios and Family Offices For decades, venture capital has operated as a closed ecosystem between institutional Limited Partners (LPs) and the General Partners (GPs) of Funds that litter much of Silicon Valley. Family offices—despite their immense capital pools and entrepreneurial heritage—were historically sidelined,| Venture Capital 2.0
Mid-Year 2025 Venture Capital Forecast Update Six months into 2025, the venture capital landscape has evolved in ways that both validate and challenge our initial annual forecast. While my prediction of continued AI dominance proved prescient—with artificial intelligence capturing over 50% of all venture dollars in Q1—| Venture Capital 2.0