Press Space to continue
Finding signal on Twitter is more difficult than it used to be. We curate the best tweets on topics like AI, startups, and product development every weekday so you can focus on what matters.
Press Space to continue
Press Space to continue
Everyone in venture is now "power-law-pilled," chasing the same handful of names, which is exactly why SPV structures, provenance questions, and information-rights fights like this one are multiplying. Fund managers get access to a hot name, package it into an SPV, and then dangle that SPV access to entice LPs to commit to their actual fund. It's now a standard playbook, but it only works for a tiny list of companies. Venture has become a game of getting as close as possible to 6-10…