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#257: Liquidity on Lock, AI Leading — What Q2 2025 Really Tells Us
Insights from the PitchBook-NVCA Venture Monitor
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Doug Dyer
#256: VC Midyear Update (2025): Liquidity, AI, & Secondaries
Insights from PitchBook's US Venture Capital Midyear Update
#255: QSBS 2.0 - Faster Exits, Bigger Caps, New Playbooks
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) quietly reshaped a tax incentive that’s been a bedrock of early-stage investing: Qualified Small…
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Doug Dyer
#254: Q2'25 VC Valuation Policy & Insights
Valuation policy matters more than ever.
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Doug Dyer
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#253: Institutional Readiness Isn’t a Buzzword. It’s a Strategy.
Insights from Chris Harvey via Embracing Emergence
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Doug Dyer

June 2025

#252: Q2 Recap-Discipline, Duration, and the Changing Venture Stack
The second quarter of 2025 wasn’t about acceleration.
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Doug Dyer
#251: Raising a VC Fund in 2025: Liquidity, AI, and a Tale of Two Markets
There are now 10x more private investment firms than public companies.
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Doug Dyer
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#250: >1200 Unicorns: Early Backers, >25% Are No Longer >$1B
Which investors are consistently spotting billion-dollar companies before anyone else?
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Doug Dyer
#249: Venture Equations: Power Laws, Secondaries, and the Discipline Premium
Over the past two decades, venture capital has quietly—but fundamentally—rewired itself.
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Doug Dyer
#248: Top VC Takes / Accounts, Unique Perspectives
Yesterday, Pavel Prata published a post called “These 15 accounts will make you a better investor.” We were surprised — and grateful — to see…
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Doug Dyer
#247: IPO Liquidity Is Back — For Real This Time?
Two months ago, you had to squint to see signs of IPO life.
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Doug Dyer
#246: 🎧 LPs, Solo GPs, and the Power Law: Michael Kim on Backing the Best
In this rare LP-side deep dive, Turner Novak interviews Michael Kim, founder of Cendana Capital, one of the most influential limited partners backing…
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Doug Dyer
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