[A Strategic Lens]
Rethinking Venture Capital
Why?
Venture's Dissonance
Phase is upon us
Phase is upon us
What?
a comprehensive, 360° ReView of the entire venture value chain
For Who?
LP's, GP's, Allocators, Founders, And Everyone in the Ecosystem
4-Lens View
understand venture’s evolving role
Venture Spread
modern allocation framework
Venture 3.0
Deconstruct venture's transition
Venture's Dissonance
Capital inflows
The capital inflow leg is rooted in rigid, decade-long fund structures.
Technology
The technology leg, is evolving at warp speed (think AI), impossible to pin down.
CApital outflow
The capital outflow leg, or the exit environment, is at the mercy of volatile, unpredictable macro forces.
[Contributors]
Meet the Experts
Featured perspectives from 11 leading voices across the U.S., Europe, and Asia on critical themes.
The journey continues, with more voices to come soon!
Aarti Gupta
CIO –Family Office DM Gupta & Anikarth Ventures
Christoph Junge
Former Head of Alternatives – Velliv
David Clark
Chief Investment Officer - VenCap
Eric Woo
CEO – Revere
Frank Tanner
Director – Morgan Creek
Jamie Rhode
Partner – Screendoor
Joel Sandhu
Managing Partner – Top Tier Access
Michael Motschmann
Managing Partner – MIG Capital
Nicolas Sauvage
President – TDK Ventures
Rando Rannus
General Partner – Siena Secondary Fund
Sim Desai
CEO – Hiive
[Quotes]
What Experts Said?
Hear from expert contributors and industry leaders about their insights from the event.
“Corporate VCs and financial VCs have started to appreciate each other more over the past five years.
Not all corporate VCs are well designed—but the good ones are growing and best practices are spreading.
Corporates operate under distribution law—not power law—so you have to unlearn a lot to do venture right.
In corporations, you rely on consensus. In VC, you must be okay going contrarian.
Nicolas sauvage
President – TDK Ventures
“There’s no way to force top-tier access—it’s about long-term trust and alignment.
Common sense doesn’t work in venture—it's often inversely correlated with being right.
If you can’t access the best companies or funds directly, work with someone who can.
Don’t be seduced by narratives—great storytelling doesn’t always mean great returns.”
David Clark
Chief Investment Officer – VenCap
“Employees have vested stock but no way to monetize it, and many have been holding it for 7–10 years.
The market is not yet fully efficient—there are fragmented pools of liquidity and inconsistent pricing.
A lot of sellers are one-time participants, so they’re not as sophisticated or price-sensitive as recurring buyers.
For liquid securities, you may see spreads as low as a few percent. For illiquid ones, spreads can exceed 20%.”
SIM DESAI
CEO - Hiive
