The Second-Time Founder Advantage: Quantified and Explained
Why experienced founders consistently outperform novices, and how sophisticated investors systematically access this advantage
Why Startup Boards Fail: Governance Design for Innovation Companies
Standard venture board structures optimize for investor protection over company performance—redesigning governance architecture can transform oversight theater into strategic partnership.
How Government R&D Funding Shapes Private Innovation Investment
Public research investment creates venture opportunities rather than displacing them—but only with the right program architecture
Why Venture Capital Fails Outside Major Tech Hubs
Traditional venture capital is a geographic product—here's why exporting it fails and what works instead
Deep Tech Investing: Different Rules for Longer Games
Breakthrough technologies demand investment structures as innovative as the science itself
The Myth of the Technical Co-Founder: When Solo Founders Outperform
Why the most persistent venture capital heuristic screens out founders most likely to succeed in today's markets
The LP-GP Relationship: Misaligned Incentives That Distort Innovation
How fee structures and fund size dynamics systematically misdirect venture capital away from breakthrough innovations toward safer, larger bets
Secondary Markets for Venture Stakes: Liquidity and Information
How the $130 billion secondary market is reshaping venture capital portfolio construction, price discovery, and ecosystem dynamics for sophisticated institutional investors.
The Metrics That Matter: What Elite VCs Actually Track
Inside the proprietary analytical frameworks that separate top-quartile venture investors from the rest of the industry
Specialized Venture Funds: Focus as Competitive Advantage
How venture capital specialists build defensible information advantages while navigating the mathematical risks of concentrated portfolio construction
The Hidden Architecture of Silicon Valley's Innovation Engine
Why innovation clusters can't be copied by building science parks—and what actually drives regional breakthrough capacity.
Why Most Venture-Backed Companies Fail Before Their Series B
Structural ecosystem failures—not founder shortcomings—explain why promising startups collapse during the critical scaling transition from seed to Series B funding.
Corporate Venture Capital: Strategic Asset or Innovation Theater?
Why most corporate venture capital fails strategically—and the uncomfortable architectural choices that distinguish authentic innovation investment from expensive performance.
The Geography of Innovation: Why Clusters Persist Despite Remote Work
Understand why breakthrough innovation resists distribution and design hybrid ecosystems that capture cluster benefits while accessing global talent