Capital raised from institutional investors (LPs) and deployed into high-growth private companies in exchange for equity. William Hockey's thesis: VC is one Asset Class, not a law of nature. It's engineered for companies that can grow 30%+ off a billion-dollar revenue base — which is a tiny slice of businesses, including most Enterprise Software. Treating it as the default funding path distorts incentives around Dilution, Liquidation Preference, and Founder Risk. Hockey's counterexample: Column, funded entirely through Self-Funding and Earnings.
Venture Capital
Connected (13)
- Asset Class Linked both ways · References
- Column Linked both ways · References
- Dilution Links to · References
- Earnings Links to · References
- Enterprise Software Linked both ways · References
- Founder Risk Links to · References
- How to bet on yourself (without venture capital) Linked from · Learning
- Liquidation Preference Links to · References
- Longevity Linked from · References
- Secondary Sales Linked from · References
- Self-Funding Linked both ways · References
- William Hockey Linked both ways · Learning
- Zach Perret Linked from · People