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live-sethlevine.pantheon.io
| | learn.angellist.com
5.9 parsecs away

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| | Venture capital funds are pooled investment vehicles that provide capital to startups in exchange for equity.
| | hunterwalk.com
5.4 parsecs away

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| | "Be great at the job and proud of how you're doing it." That was our rallying cry at the beginning of Homebrew. We figured that if we enjoyed it, but weren't financially successful, we couldn't do it for the rest of our careers. And if we made money, but weren't happy with the work, we...
| | www.sethlevine.com
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| | Every venture firm reports the "value" of each of its underlying investments. Typically, this is updated quarterly and sent to each of the fund's investors. The idea is that investors will then have a definitive view of the value of the firm's investments. Simple, right? But what is the "value" of a private company? Turns out the answer to that question is not so easy to determine, and, as a result, valuation reporting in venture is a mess.
| | www.newyorker.com
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| John Cassidy on the current economic situation in the United States, where output and employment have rebounded from the pandemic, but the Fed needs to heed some warning signs.