I met with a first-time entrepreneur this week. He was an affable fellow, passionate about what he was creating — -a new, pure food product aimed at athletes — and prepared with an extremely handsome set of slides. But he made a litany of mistakes in the fundamentals of what…

The time has come, I believe, to move beyond the unicorn. Over recent decades, it has become common cant that the purpose of venture capital is to create unicorns. The more unicorns a fund has, the better it is perceived to be. Unicorns, of course, are mythological and rare and…

Founders and investors are ringing in the new year with a sobering statistic: In 2022, 82.2% of VC funding capital went to startups without a single woman on the founding team. Before I unpack this stat, spoiler alert: Joyance Partners, where I’m an investor, is bucking this trend. …

The following is a guest post our Managing Partner Mike Edelhart wrote for Forbes Assistant Editor Diane Brady’s CIO Newsletter — click here to subscribe. Before I got into venture capital, when I still worked with big companies, the worlds of venture and corporate management stood well apart from one…

When times are hard, and these times certainly qualify, it’s helpful to return to first principles. And so as we face Biblical rain and emerging tribalism, I find comfort in the advice of the ancient sages; in this case, I’m harkening all the way back to Plato, the Big Daddy…

Usually, at the start of the new year, it’s natural to make predictions about the year ahead. But this year is different. As 2023 begins, the world is simply too chaotic for realistic predictions. …

As we traverse through turbulent times in venture — stagnant public markets, economic instability, weird climate behavior, sagging valuations, spasms of layoffs — it seemed like a good moment to revisit some of the fundamentals at our funds. In general, we have never been believers in endless good times; when…

We aren’t active as crypto investors. While valuations and hype here grew exponentially, we stayed on the sidelines. The primary reason for that is core economics. Any currency of true value must be backed by real assets. Wood. Water. Land. The economic activities of millions of people. When that isn’t…

This isn’t just a personal opinion; it is the finding of a deep survey of the state of American Health just released by Gallup and West Health. On all the key measures, Americans graded the health system much more heavily as poor or failing than excellent. …