Sometimes I publish posts which may be unreadable, they might be more for myself, not for other readers. In a way, this blog is my second memory… so I am not sure this post is worth reading… There have been two major venture capital firms in history. So important, I have created hashtags for them: […]
In the part 1 of my post about The Power Law, I had embedded my own visual history of venture capital. There was a missing element which is China’s rise, that Mallaby adresses in his 27-page Chapter 10. Before 2010, venture capital in China was behind Europe, but today it’s challenging the USA: Source: Mallaby’s […]
Mallaby is a marvelous storyteller – thanks to his team probably as he mentions at least 15 collaborators in his acknowledgments. This is part 3 of my posts about the Power Law, following part 2 and part 1. You will discover so many figures of venture capital and entrepreneurship that it would be impossible to […]
Following my previous post about the book The Power Law and Venture Capital, I can only confirm it is a fascinating book about the history of Venture Capital. I have now read chapters 2 & 3 which covers the sixties mainly through Arthur Rock and his funding of Fairchild and the Traitorous Eight. About Fairchild […]
Sebastian Mallaby has just published a new book about Venture Capital which looks very interesting. I have already explained here what the Power Law is and will not do it again. But I will quote Mallaby as I do when I read good books. About the term : “Venture capital” had also cropped up in […]
I have regularly been puzzled with the (real) impact of venture capital on startups, their growth or even their success. A few days ago, I received an email from a friend with a very interesting table. The measure of capital productivity is given by the ratio a/b where a is the startup revenue at the […]
I was motivated a few days ago to look at the work I have been doing for years on public tech. companies, their cap. tables, their overall financial performance. If you do not know what I am talking about, you can have a look at my past analyses on 600, then 700 companies through the […]
I must admit I did not know Bill Janeway. I should have, given his long expertise in venture capital. His recent contribution was mentioned by many including Nicolas Colin and on a personal note, friends from IMF. They just mentioned to me 8 videos which seem absolutely brilliant: Venture Capital in the 21st Century. I […]
I regularly compile data about startups, mostly when they file to go public, when I can use their IPO prospectus (typically S-1 or 424B4 documents on Nasdaq). Thanks to a rush of IPOs this year (despite the covid) but also by revisiting older filings thanks to Jay Ritter great database of 11000+ IPOs since 1975, […]
In venture capital, returns on investments is the ultimate metric and although it is not very difficult to understand, there are many little tricks worth knowing about! The reason of this short post is a recent article my friend Fuad advised me to read from the Financial Times : The parallel universe of private equity […]