venturecapital

fund vintage matters so much in venture capital

crypto’s volatility must make vintage matter even more

if you were backing reasonably strong teams in 2019/2020, it turned out that it was hard to lose

if you deployed most of your fund in 2021/2022, it turned out that it was much easier to lose

Founder | Business Angel | Quant trading.

Launching aelium.io: AI platform for crypto 

no, I’m suggesting that good entry prices and meaningful ownership of a network/biz are really important factors in the return profile of a fund

and that crypto’s intense cyclicality creates a wider price/ownership delta between vintages than exists in web2 investing

Essentially, what you're suggesting is that VC is a momentum strategy (based on financial aspects such as funds raise/ allocated) rather than on the intrinsic quality of the teams or projects selected?

Agreed

(Run both 2019 and 2021 vintage funds 😁)