"Turpentine VC" | Venture Capital and Investing  cover image

E4: Sam Lessin on Why the Seed & “Factory System” Era of Venture is Dead

"Turpentine VC" | Venture Capital and Investing

NOTE

The Pros and Cons of Coached Books and YC Companies

Coached books create an inefficient global marketplace with high prices. Investors end up paying the markup, but in a flooded money world, it may not matter. Despite YC's successes, I'm not optimistic about coached books. 16 Z is better at raising capital, but they focus more on indexing than investing.

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