IPOs are back. Don’t get excited.
Hidden in the euphoria: there may be a time bomb ticking for the broader VC market.
You hate the company. Should you invest?
Of course not. But wait. It’s more complicated. You already invested. You wrote a check with high hopes.
Should you kill your darlings?
It’s great advice for writers. Mercilessly analyze what you’ve written. And be willing to kill your darlings the prose you fell in love with.
Should you get medieval on your VC investments?
The market is improving. But the environment remains tough And deal terms are getting tougher.
VC is having a horrible, no good, very bad year. That’s great news.
Yes, there are bright spots. Yes, 2021 was by all accounts a batsh*t year of massive volumes and massive valuations.
Why would an LP engage VO2 Partners? Answer: Counting peas
Institutional LPs engage us on their VC and PE portfolios to support them in three ways. But they mostly come down to counting peas.
Are cognitive biases killing your returns?
We’re wildly, exuberantly irrational organisms. That’s true in our lives generally. In investing specifically, we’re even worse.
Why Microsoft’s Insane Deal with ChatGPT Might Be Brilliant
Is Microsoft nuts? They violated every convention of VC deal-making by investing $10B in OpenAI.
There’s a massive arbitrage opportunity in VC
We made the case just a month ago that clickbait stories warning of a crippling recession that would hammer.
Should we believe recession clickbait?
Recession has been a month away, for the last 18 months. How should we think about that as private market investors?
