1/
Venture investing hit its own Product Market Fit in 1950s as it discovered the venture power law: 1- 2 investments of a fund more than covering up for the all the monies invested / lost on others.
2/
On the back of this, VC industry took off, & the model broadly held for tech (software / hardware) & later biotech.
But over time there has been a 'mission creep' or 'strategic drift' in VC.
3/
4/
5/
6/
7/
8/
9/
11/
12/
13/
14/
pmarchive.com/guide_to_start…
15/
Am not entirely sure, but it does look like the recent questioning + push for profitability could force earlier monetisation experiment & perhaps faster failures / forcing earlier PMF. In my view, that is only a good thing.
16/
17/
These are but hyoptheses, and I would love your take on it.
19/19