Rolling funds are all the rage

Back at the beginning of the year, AngelList launched “rolling funds”. While several funds have launched in the intervening 7 months, last week Gumroad founder Sahil Lavingia launched one, which got them all over the VC-twitter universe. Rolling funds are an interesting alternative for small LPs and new GPs looking to start something. The way […]

EU Tech Stocks and markets — or, will there be a Euroean Silicon Valley?

The WSJ wrote an article this week, pointing out that Amsterdam is the leading EU-exchange for tech stocks. This may seem surprising, but actually makes sense. London’s AIM and Germany’s Deutsche Börse are notoriously low-liquidity for tech stocks. There are very few scenarios one can imagine where listing on either of those larger exchanges is […]

The Funding Gap

There’s a curious thing happening in the world of VC and angel funding these days. Namely, that for a lot of software companies, it’s almost impossible to get a first round of funding without already having a product nearly finished. The reason for this is actually an accident based on the size of venture funds.