[Why / Who / How]
about
Behind the scenes!
[Words]
We need to Rethink Now!
An indispensable read for LPs, GPs, allocators, founders, and anyone seeking clear thinking amid a noisy venture landscape.
Venture capital is no longer a niche asset class—it’s a strategic infrastructure for innovation, competitiveness, and value creation.
“Rethinking Venture Capital: A Strategic Lens" is a comprehensive, forward-looking report that reframes how we view the asset class across its entire value chain.
01
Why This Report?
This report fills a critical strategic gap in the venture industry. It delivers the most comprehensive 360-degree view of the venture capital asset class, covering the full spectrum of factors shaping the entire venture value chain.
By connecting themes too often analyzed in isolation—from LP capital flows to the evolution of the venture business—it offers an integrated, authoritative perspective in one place.
02
Who Should Read This Report?
In short—this report is for anyone connected to the venture ecosystem: LPs, VCs/GPs, FoFs, founders, ecosystem builders, or engaged observers. While broadly relevant, it primarily focuses on LPs—family offices, institutional investors, capital allocators, and more—with special attention to the often-overlooked capital input side of venture.
03
How to Read This Report?
This report offers a strategic framework for understanding the evolving ecosystem—moving beyond surface-level analysis to reveal key structural dynamics.
Organized through a venture value chain lens, it begins with capital inputs (LPs), moves through venture investing mechanics, and concludes with outcomes and exits—clarifying how value is created, captured, and realized.
Topics are strengthened with insightful interview snapshots from 11 venture experts. Where useful, it draws comparisons to other asset classes to provide more meaning to the venture trends.
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.
