I wish there were a Twitter feature that let you see other people’s feeds. Like you could type in any handle and your feed would change to what you’d see if you followed everyone they followed. Would be a great way to understand the narratives and values of different bubbles.
I talked to a historian who studied the grifters that launched multi-layered SPVs into the Dutch East India Company.
I asked him how they dealt with unwinding everything at IPO.
I will never forget his answer… "We can’t, we don’t know how to do it anymore"
if this spacex IPO actually happens kirkland & ellis is going to have a trillion dollars in bookings unwinding the five thousand, 50 layer SPVs that have been slung into this thing over the last decade
I lead the institutional LP experience at @AngelList and often help emerging GPs close their first big checks (fund-of-funds, endowments, etc.)
I took everything I've learned (and tapped some experts) to make a guide on getting your VC firm "Institutional Ready." Check it out!
Institutional LPs don’t just back funds. They back firms.
Download your copy of Raising Institutional Capital: A Practical Readiness Guide for Venture Firms. https://t.co/azUhDUY7wM
I once heard a VC say he “went to a small school right outside Boston” and it wasn’t Harvard. Looked him up and it really was a random small college.
You can save $350K in tuition with this simple trick.