Equity Are megafunds squeezing out small VCs and distorting the seed market?
Jan 5, 2024
This week dives into the shifting world of venture capital, particularly how megafunds are impacting smaller firms. Layoffs at Frontdesk spark discussions about sustainability in short-term rentals. The crypto market is examined, highlighting Bitcoin's recent surge amidst regulatory clarity. Various trends indicate 2024 might be a turning point for both crypto and seed funding, with a focus on foster cooperation in struggling markets, including the tech industry's resilience during geopolitical tensions.
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Ruth Foxe Blader's Unusual Departure
- Ruth Foxe Blader left Anthemis but still invests for them as a sub-advisor.
- This unusual arrangement involves managing her old fund until its capital is deployed.
Key Person Clauses and Fund Stability
- Alex Wilhelm hypothesizes that Ruth Foxe Blader's arrangement avoids triggering key person clauses.
- These clauses, common in agreements, can dissolve funds if key figures leave.
Exponent Founders Capital's Origin Story
- Exponent Founders Capital, co-founded by Charlie Ma and Mahdi Raza, has raised $75 million.
- The two met while on opposing sides of a deal, later becoming angel investors and starting Exponent.