Press Space to continue
Curated tech posts from X on AI, startups, and product development—signal without the doomscroll, updated on weekdays.
Press Space to continue
Press Space to continue
Everyone in venture is now "power-law-pilled," chasing the same handful of names, which is exactly why SPV structures, provenance questions, and information-rights fights like this one are multiplying. Fund managers get access to a hot name, package it into an SPV, and then dangle that SPV access to entice LPs to commit to their actual fund. It's now a standard playbook, but it only works for a tiny list of companies. Venture has become a game of getting as close as possible to 6-10…